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Texas Natural Resources Code

§ 40.162 — AWARDS EXCEEDING FUND

NR § 40.162Title 2. PUBLIC DOMAIN · Part C. ADMINISTRATION · Ch. 40. OIL SPILL PREVENTION AND RESPONSE ACT OF 1991 · Art. D. PAYMENT OF COSTS AND DAMAGES

Statute text

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(a)If the total awards against the fund exceed the existing balance of the fund, the claimant or claimants shall be paid from the future income of the fund. Each claimant or claimants shall receive a pro rata share of all money available in the fund until the total amount of awards is paid.
(b)The commissioner by rule may make exceptions to Subsection (a) of this section in cases of hardship. Amounts collected by the fund from the prosecution of actions shall be used to satisfy the claims as to which such prosecutions relate to the extent unsatisfied.

Legislative history

Added by Acts 1991, 72nd Leg., ch. 10, Sec. 1, eff. March 28, 1991.

Source: Texas Natural Resources Code § 40.162 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.