Texas Utilities Code - Section 56.254. Recovery Of Costs
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§ 56.254. RECOVERY OF COSTS. The commission order
designating the successor utility under Section 54.303 shall
authorize the utility to recover the costs determined under Section
56.253. The costs may be amortized and recovered from the state
universal service fund, together with interest at the prevailing
commercial lending rate:
(1) not later than the first anniversary of the date of
the order if the costs are not more than $1 million;
(2) not later than the second anniversary of the date
of the order if the costs are more than $1 million but no more than
$2 million; and
(3) not later than the third anniversary of the date of
the order if the costs are more than $2 million.
Added by Acts 2003, 78th Leg., ch. 76, § 7, eff. Sept. 1, 2003.
Section: 56.211 56.212 56.213 56.214 56.251 56.252 56.253 56.254 56.301 57.001 57.021 57.022 57.023 57.024 57.025
Last modified: August 10, 2007
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