| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 82R28304 ACP-F | |
| 2 | 2 | By: Hegar S.B. No. 1296 | |
| 3 | 3 | (Lozano) | |
| 4 | 4 | Substitute the following for S.B. No. 1296: No. | |
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the use of proceeds of bonds and other financial | |
| 10 | 10 | security filed with the Railroad Commission of Texas by certain | |
| 11 | 11 | persons under the jurisdiction of the commission and deposited in | |
| 12 | 12 | the oil-field cleanup fund. | |
| 13 | 13 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 14 | 14 | SECTION 1. Section 91.108, Natural Resources Code, is | |
| 15 | 15 | amended to read as follows: | |
| 16 | 16 | Sec. 91.108. DEPOSIT AND USE OF FUNDS. Subject to the | |
| 17 | 17 | refund provisions of Section 91.1091, if applicable, proceeds from | |
| 18 | 18 | bonds and other financial security required pursuant to this | |
| 19 | 19 | chapter and benefits under well-specific plugging insurance | |
| 20 | 20 | policies described by Section 91.104(c) that are paid to the state | |
| 21 | 21 | as contingent beneficiary of the policies shall be deposited in the | |
| 22 | 22 | oil-field cleanup fund and, notwithstanding Sections 91.112 and | |
| 23 | 23 | 91.113, may be used only for actual well plugging and surface | |
| 24 | 24 | remediation or to pay, after the date the penalty is due, an | |
| 25 | 25 | administrative penalty imposed by the commission under this title | |
| 26 | 26 | that a person has failed to pay. | |
| 27 | 27 | SECTION 2. This Act takes effect September 1, 2011. |