89th Legislature

SB 2449

Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 2449 revises financial assurance requirements for operators under the jurisdiction of the Railroad Commission of Texas. It allows operators to use various financial assurance mechanisms, including self-insurance and parental bonding, to satisfy financial security obligations for the operation and closure of produced water recycling pits and other facilities. The bill also enables operators managing multiple subsidiaries to consolidate financial security through a single bond, provided they demonstrate financial adequacy. Additionally, the Railroad Commission is tasked with implementing rules for tracking financial responsibility when facilities change ownership due to mergers, acquisitions, or sales. The Commission must adopt these rules by December 31, 2025​.
Author
Kevin Sparks