# 31 Tex. Admin. Code § 19.78: 31 TAC § 19.78. Determination of No Intrinsic Value

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T31_P1_C19_S19_78

## Section

- **Citation:** 31 Tex. Admin. Code § 19.78
- **Heading:** 31 TAC § 19.78. Determination of No Intrinsic Value
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 31 NATURAL RESOURCES AND CONSERVATION / Part 1 GENERAL LAND OFFICE / Chapter 19 OIL SPILL PREVENTION AND RESPONSE / 31 TAC § 19.78

## Text

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.

## Nearby sections

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- [31 Tex. Admin. Code § 19.78 31 TAC § 19.78. Determination of No Intrinsic Value](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T31_P1_C19_S19_78.md)
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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T31_P1_C19_S19_78. Check the current official text before relying on it. Not legal advice.