Tex. Health & Safety Code § 401.2085 · Subchapter F. SPECIAL PROVISIONS CONCERNING LOW-LEVEL RADIOACTIVE WASTE DISPOSAL
REVIEW OF FINANCIAL ASSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commission shall conduct a review of the adequacy of the financial assurance mechanisms of the compact waste disposal facility license holder that were approved by the commission before January 1, 2011, against projected post-closure costs, including a review of the adequacy of funds for unplanned events. The review shall consider:
(1) the segregation of financial assurance funds from other funds;
(2) the degree of risk that the financial instruments are subject to financial reversal;
(3) potential post-closure risks associated with the compact waste disposal facility; and
(4) the adequacy of the financial instruments to cover the state's liabilities.
(b) Not later than December 1, 2012, the commission shall submit a final report of the results of the review to the standing committees of the senate and the house of representatives with jurisdiction over the disposal of low-level radioactive waste.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1244 (S.B. 1504), Sec. 3, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.401.htm
- Text hash
- sha256 c3e10dd9be3ea2d0c3abc24954711e7886f945d140d899d13597dead10272435
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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