Texas Health and Safety Code - HEALTH & SAFETY § 1101.003. Definitions

(1) “Acquisition closing date” means the date on which ownership of, or a direct or indirect majority interest in the ownership of, a regulated facility or operation is acquired in an asset purchase, equity purchase, merger, or similar transaction.

(2) “Audit report” means an audit report described by Section 1101.051.

(3) “Environmental or health and safety audit” or “audit” means a systematic voluntary evaluation, review, or assessment of compliance with environmental or health and safety laws or with any permit issued under an environmental or health and safety law conducted by an owner or operator, an employee of an owner or operator, a person, including an employee or independent contractor of the person, that is considering the acquisition of a regulated facility or operation, or an independent contractor of:

(4) “Environmental or health and safety law” means:

(5) “Owner or operator” means a person who owns or operates a regulated facility or operation.

(6) “Penalty” means an administrative, civil, or criminal sanction imposed by the state to punish a person for a violation of a statute or rule. The term does not include a technical or remedial provision ordered by a regulatory authority.

(7) “Regulated facility or operation” means a facility or operation that is regulated under an environmental or health and safety law.