August 30, 2013
New Benefit for Buyers: Texas Extends Eligibility for Audit Program Benefits to New Owners
Client Alert
Under the recently amended Texas Environmental, Health, and Safety Audit Privilege Act (the “Act”), new owners may be eligible for immunity from civil and administrative penalties for environmental, health, and safety violations discovered during a due diligence review. Previously, the benefits of the Act’s audit program were not available to a new owner with respect to compliance issues discovered before the new owner took ownership of a facility.
READ: New Benefit for Buyers: Texas Extends Eligibility for Audit Program Benefits to New Owners
Related Insights
Bonds, Bankruptcies and Billion-Dollar Backlogs: Federal Offshore Decommissioning Liability
Mexico's Energy Transition
After CEQ's Rollback, Fate of NEPA May Be in Justices' Hands
