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Texas Insurance Code - INS § 427.055. Payment of Principal or Interest on Certain Liabilities

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(a)Western States

Not later than 2 years after August 8, 2005, the Secretary of Agriculture, the Secretary of Commerce, the Secretary of Defense, the Secretary of Energy, and the Secretary of the Interior (in this section referred to collectively as “the Secretaries”), in consultation with the Federal Energy Regulatory Commission, States, tribal or local units of governments as appropriate, affected utility industries, and other interested persons, shall consult with each other and shall--

(1) designate, under their respective authorities, corridors for oil, gas, and hydrogen pipelines and electricity transmission and distribution facilities on Federal land in the eleven contiguous Western States (as defined in section 1702(o) of Title 43;  1

(2) perform any environmental reviews that may be required to complete the designation of such corridors;  and

(3) incorporate the designated corridors into the relevant agency land use and resource management plans or equivalent plans.

(b)Other States

Not later than 4 years after August 8, 2005, the Secretaries, in consultation with the Federal Energy Regulatory Commission, affected utility industries, and other interested persons, shall jointly--

(1) identify corridors for oil, gas, and hydrogen pipelines and electricity transmission and distribution facilities on Federal land in States other than those described in subsection (a) of this section;  and

(2) schedule prompt action to identify, designate, and incorporate the corridors into the applicable land use plans.

(c)Ongoing responsibilities

The Secretaries, in consultation with the Federal Energy Regulatory Commission, affected utility industries, and other interested parties, shall establish procedures under their respective authorities that--

(1) ensure that additional corridors for oil, gas, and hydrogen pipelines and electricity transmission and distribution facilities on Federal land are promptly identified and designated as necessary;  and

(2) expedite applications to construct or modify oil, gas, and hydrogen pipelines and electricity transmission and distribution facilities within such corridors, taking into account prior analyses and environmental reviews undertaken during the designation of such corridors.

(d)Considerations

In carrying out this section, the Secretaries shall take into account the need for upgraded and new electricity transmission and distribution facilities to--

(1) improve reliability;

(2) relieve congestion;  and

(3) enhance the capability of the national grid to deliver electricity.

(e)Specifications of corridor

A corridor designated under this section shall, at a minimum, specify the centerline, width, and compatible uses of the corridor.

1  V.T.C.A., Insurance Code § 823.101 et seq.

Cite this article: FindLaw.com - Texas Insurance Code - INS § 427.055. Payment of Principal or Interest on Certain Liabilities - last updated April 14, 2021 | https://codes.findlaw.com/tx/insurance-code/ins-sect-427-055.html


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