This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.
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| Revised Date: | 2014-03-07 |
Legal Citations
Object Type
Cash — Natural Resources
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Note
Created September 1, 1995 by H.B. 2731, 74th Leg., R.S. under Natural Resources Code sec. 93.013(a)(8). TERRA established to acquire and hold an inventory of mechanically sound, nonpolluting wellbores. Railroad Commission may accept an inactive wellbore used in connection with exploration for or production of hydrocarbons into TERRA. Mineral interest owner must pay an amount, depending on age and condition of the wellbore, up to 75% of commission's estimated costs of plugging the wellbore. Abolished by S.B. 310, 77th Leg., R.S.
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