78R1377 MI-D

By:  Chisum                                                       H.B. No. 942



A BILL TO BE ENTITLED

AN ACT

relating to certain exemptions from bond requirements for certain 
well operators.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 91.103, Natural Resources Code 
(effective until September 1, 2004), is amended to read as follows:
	Sec. 91.103.  PERSONS REQUIRED TO EXECUTE BOND OR ALTERNATE 
FORM OF FINANCIAL SECURITY.  (a) Any person, including any firm, 
partnership, joint stock association, corporation, or other 
organization, required to file an organization report under Section 
91.142 of this code shall execute and file with the commission a 
bond or alternate form of financial security.
	(b)  This section does not apply to a person who has no 
responsibility over a wellbore, including a water hauler, pipeline 
company, or well plugger.
	SECTION 2.  Section 91.103, Natural Resources Code 
(effective September 1, 2004), is amended to read as follows:
	Sec. 91.103.  PERSONS REQUIRED TO EXECUTE BOND, LETTER OF 
CREDIT, OR CASH DEPOSIT.  (a) Any person, including any firm, 
partnership, joint stock association, corporation, or other 
organization, required to file an organization report under Section 
91.142 of this code shall execute and file with the commission a 
bond, letter of credit, or cash deposit.
	(b)  This section does not apply to a person who has no 
responsibility over a wellbore, including a water hauler, pipeline 
company, or well plugger.
	SECTION 3.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.