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:
(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.
Source Note: The provisions of this §19.78 adopted to be effective September 13, 2010, 35 TexReg 8377