Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 1 - GENERAL LAND OFFICE
Chapter 19 - OIL SPILL PREVENTION AND RESPONSE
Subchapter F - DERELICT VESSELS AND STRUCTURES
Section 19.78 - Determination of No Intrinsic Value
Universal Citation: 31 TX Admin Code § 19.78
Current through Reg. 49, No. 52; December 27, 2024
In making a determination that a vessel or structure has no intrinsic value, the commissioner shall consider the following factors:
(1) the condition of the vessel or structure, including whether the derelict vessel or structure:
(A) is substantially dismantled and lacks
more than one of the major components listed in §
19.71(15)
of this title (relating to Definitions);
(B) has any salvageable major components
including, but not limited to, engine, hull, fuel tank, or rigging;
(C) is unnumbered or lacks current
registration; or
(D) has any other
relevant condition affecting its value.
(2) the cost for removal, storage, and disposal of the vessel relative to the salvage value of the vessel or structure;
(3) the cost of conducting a sale to a third party relative to the salvage value of the vessel or structure; and
(4) any other matter deemed relevant by the commissioner.
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