Texas HB5123 amends financial assurance requirements for operators under the Railroad Commission of Texas.
Texas HB5123 amends Chapter 91 of the Natural Resources Code to establish financial assurance requirements for operators under the jurisdiction of the Railroad Commission of Texas. The bill allows the Commission to accept various financial assurance mechanisms, including self-insurance and parental bonding, to demonstrate an operator's ability to meet financial security obligations for produced water recycling pits and related facilities.
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