Tex. Natural Resources Code § 91.108
DEPOSIT AND USE OF FUNDS
Texas · Texas Natural Resources Code · Status: effective
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- Citation
- Tex. Natural Resources Code § 91.108, DEPOSIT AND USE OF FUNDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/695908
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Full text
Subject to the refund provisions of Section 91.1091, if applicable, proceeds from bonds and other financial security required pursuant to this chapter and benefits under well-specific plugging insurance policies described by Section 91.104(c) that are paid to the state as contingent beneficiary of the policies shall be deposited in the oil and gas regulation and cleanup fund and, notwithstanding Sections 81.068 and 91.113, may be used only for actual well plugging and surface remediation.