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Tex. Nat. Res. Code § 40.162

AWARDS EXCEEDING FUND

Known as the Oil Spill Prevention and Response Act

The act spans §§ 40–40 (53 sections).

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

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.