SB2449 amends financial assurance requirements for operators under the Railroad Commission of Texas.

SB2449 amends Chapter 91 of the Natural Resources Code to revise financial assurance requirements for operators under the jurisdiction of the Railroad Commission of Texas. The bill allows the Commission to accept financial assurance mechanisms, including self-insurance and parental bonding, to demonstrate an operator's ability to satisfy financial security obligations for the operation and closure of produced water recycling pits and other related facilities.

SB2449 amends financial assurance requirements for operators under the Railroad Commission of Texas.

SB2449 amends Chapter 91 of the Natural Resources Code to revise financial assurance requirements for operators under the jurisdiction of the Railroad Commission of Texas. The bill allows the Commission to accept financial assurance mechanisms, including self-insurance and parental bonding, to demonstrate an operator's ability to satisfy financial security obligations for the operation and closure of produced water recycling pits and other related facilities.