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Texas Natural Resources Code - Section 81.055. Pipeline System Financial Responsibility Requirements

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§ 81.055. PIPELINE SYSTEM FINANCIAL RESPONSIBILITY 
REQUIREMENTS.  (a) Not later than March 1, 2002, the legislature 
may:
		(1)  study the desirability of requiring an owner, 
operator, or manager of a pipeline system to obtain liability 
insurance coverage, a bond, or other evidence of financial 
responsibility in order to protect the public from the costs 
resulting from a discharge from the pipeline system;  and
		(2)  report its findings to the legislature and make 
the report available to the public.
	(b)  If the legislature finds that adoption of such a 
requirement is desirable, the commission by rule may require an 
owner, operator, or manager of a pipeline system to obtain evidence 
of financial responsibility.  The rules must specify the 
appropriate form and amount of that evidence and may require 
evidence of financial responsibility in different amounts for 
different pipeline systems, taking into consideration whether the 
pipeline system:
		(1)  has a history of discharges or other violations of 
regulatory requirements;  or
		(2)  is located over a public drinking water supply, a 
natural resource, or a critical groundwater resource or near a 
school or populated area.

Added by Acts 2001, 77th Leg., ch. 1233, § 6, eff. Sept. 1, 2001.          

Last modified: August 10, 2007