Tex.
Parks & Wild. Code Section 77.119
License Buyback Program
(a)
The department shall implement a license buyback program as part of the shrimp license management program established by this subchapter.(b)
The commission by rule may establish criteria, using reasonable classifications, by which the department selects licenses to be purchased. The commission may delegate to the executive director, for purposes of this section only, the authority to develop the criteria through rulemaking procedures, but the commission by order must finally adopt the rules establishing the criteria. The commission or executive director shall consult with the shrimp license management review board concerning establishment of the criteria.(c)
The commission shall retire each license purchased under the license buyback program until the commission finds that management of the shrimp fishery allows reissue of those licenses through auction or lottery.(d)
A person whose license is selected by the department to be purchased under the license buyback program shall be required to execute a contract that includes the following terms:(e)
The commissioner of the General Land Office may order the forfeiture of any money paid to a person under the license buyback program if the commissioner finds that the vessel to which the license applied was abandoned by the person in violation of Section 40.108 (Derelict Vessels and Structures), Natural Resources Code. Any money forfeited under this section shall be deposited to the credit of the coastal protection fund established by Section 40.151 (Coastal Protection Fund), Natural Resources Code.
Source:
Section 77.119 — License Buyback Program, https://statutes.capitol.texas.gov/Docs/PW/htm/PW.77.htm#77.119
(accessed Mar. 23, 2024).