In the event no final rate determination has been made upon the schedule for new rates within ten (10) months after the date the schedule for new rates was filed with the Arkansas State Highway and Transportation Department, the public utility may put the suspended rate into effect for all bills rendered thereafter immediately upon the filing of a bond to be approved by the department payable to the State of Arkansas in such amount and with sufficient security to insure prompt payment of any refunds to the persons entitled thereto, including an interest rate as determined by the department not to exceed the maximum interest otherwise allowed by law, if the rate or rates so put into effect are finally determined to be excessive. There may be substituted for the bond other arrangements satisfactory to the department for the protection of the parties interested.
Section: Previous 23-4-620 23-4-621 23-4-622 23-4-623 23-4-624 23-4-625 23-4-626 23-4-627 23-4-628 23-4-629 23-4-630 23-4-631 23-4-632 23-4-633 23-4-634 NextLast modified: November 15, 2016