In making a determination that a vessel or structure has no intrinsic value, the commissioner shall consider the following factors:

1. (1) the condition of the vessel or structure, including whether the derelict vessel or structure:

   1. (A) is substantially dismantled and lacks more than one of the major components listed in §19.71(15) of this title (relating to Definitions);
   2. (B) has any salvageable major components including, but not limited to, engine, hull, fuel tank, or rigging;
   3. (C) is unnumbered or lacks current registration; or
   4. (D) has any other relevant condition affecting its value.
2. (2) the cost for removal, storage, and disposal of the vessel relative to the salvage value of the vessel or structure;
3. (3) the cost of conducting a sale to a third party relative to the salvage value of the vessel or structure; and
4. (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.