Section 89.027 - Supplemental Financial Assurance(a) A supplemental bond, letter of credit, or cash deposit filed under Section 89.023(a)(3)(E) is in addition to any other financial assurance otherwise required of the operator or for the well.(b) A supplemental bond, letter of credit, or cash deposit may not be transferred to a new operator of an existing inactive well. A new operator of an existing inactive well must file a new supplemental bond, letter of credit, or cash deposit or otherwise comply with the requirements of this subchapter by the deadline provided by Section 89.022(b).Tex. Nat. Res. Code § 89.027
Amended By Acts 2011, 82nd Leg., R.S., Ch. 562, Sec. 6, eff. 6/17/2011.Added by Acts 2009, 81st Leg., R.S., Ch. 442, Sec. 2, eff. 9/1/2009.