Texas § HS.401.2085 - REVIEW OF FINANCIAL ASSURANCE
Full text of Texas The Texas Constitution § HS.401.2085 — REVIEW OF FINANCIAL ASSURANCE, with citation guidance and answers to common questions.
§ HS.401.2085. REVIEW OF FINANCIAL ASSURANCE
REVIEW OF FINANCIAL ASSURANCE. (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. Added by Acts 2011, 82nd Leg., R.S., Ch. 1244 (S.B. 1504 ), Sec. 3, eff. September 1, 2011.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § HS.401.2085
What does The Texas Constitution § HS.401.2085 cover?
Section HS.401.2085 ("REVIEW OF FINANCIAL ASSURANCE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § HS.401.2085?
A common citation format is "The Texas Constitution § HS.401.2085" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § HS.401.2085 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.