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Texas Statutes (Last Updated: January 4, 2014) |
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HEALTH AND SAFETY CODE |
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Title 5. SANITATION AND ENVIRONMENTAL QUALITY |
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Subtitle D. NUCLEAR AND RADIOACTIVE MATERIALS |
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Chapter 401. RADIOACTIVE MATERIALS AND OTHER SOURCES OF RADIATION |
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Subchapter F. SPECIAL PROVISIONS CONCERNING LOW-LEVEL RADIOACTIVE WASTE DISPOSAL |
Sec. 401.2085. REVIEW OF FINANCIAL ASSURANCE
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(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.