Texas Statutes
§ 131.205 — SECURITY FOR BOND.
Texas § 131.205
JurisdictionTexas
Code NRNatural Resources Code
This text of Texas § 131.205 (SECURITY FOR BOND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Natural Resources Code Code Ann. § 131.205 (2026).
Text
Sec. 131.205. SECURITY FOR BOND.
(a)The bond shall be executed by the operator and a corporate surety licensed to do business in this state, or the operator may elect to deposit cash or negotiable securities acceptable to the commission, or an assignment of a savings account in a Texas bank on an assignment deposit form prescribed by the commission's rules.
(b)A cash deposit or market value of the substitute collateral shall be equal to or greater than the amount of the bond required for the bonded area.
(c)Cash or other substitute collateral shall be deposited on the same terms as the terms on which surety bonds may be deposited.
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Legislative History
Acts 1977, 65th Leg., p. 2627, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Nearby Sections
15
§ 131.001
SHORT TITLE.§ 131.002
DECLARATION OF POLICY.§ 131.003
PURPOSES.§ 131.004
DEFINITIONS.§ 131.005
RECLAMATION.§ 131.006
EXCLUSIONS AND EXEMPTIONS.§ 131.021
GENERAL AUTHORITY OF COMMISSION.§ 131.022
JURISDICTION OF COMMISSION.§ 131.023
COMMISSION PROCEDURE.§ 131.025
HEARING PROCEDURE.§ 131.034
EXPLORATION ACTIVITIES.§ 131.035
RULES DESIGNATING UNSUITABLE LAND.§ 131.036
SURVEY OF LAND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 131.205, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/NR/131.205.