Texas Utilities Code Title 2, Chapter 16 - Commission Financing

SUBCHAPTER A ASSESSMENT ON PUBLIC UTILITIES

• Texas Section 16.001 - Assessment On Public Utilities
  (a) To defray the expenses incurred in the administration of this title, an assessment is imposed on each public utility, retail electric provider, and electric...
• Texas Section 16.002 - Payment Dates
  (a) The assessment is due August 15. (b) A public utility may instead make quarterly payments due August 15, November 15, February 15, and May...
• Texas Section 16.003 - Late Payment Penalty
  (a) An additional fee equal to 10 percent of the amount due shall be assessed for any late payment of an assessment required under this...

SUBCHAPTER B GRANTS AND OTHER FINANCIAL ASSISTANCE

• Texas Section 16.004 - Collection By Comptroller
  The comptroller shall collect the assessment and any penalty or interest due under this subchapter. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept....

SUBCHAPTER C MONEY DISPOSITION, ACCOUNTING, AND BUDGET

• Texas Section 16.021 - Grants Of Federal Funds
  (a) The commission may apply to an appropriate agency or officer of the United States to receive and spend federal funds available by grant or...
• Texas Section 16.041 - Application Of State Funds Reform Act
  Money paid to the commission or to the office under this title is subject to Subchapter F, Chapter 404, Government Code. Acts 1997, 75th Leg.,...
• Texas Section 16.042 - Accounting Records
  The commission shall keep the accounting records required by the comptroller. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
• Texas Section 16.043 - Audit
  The financial transactions of the commission are subject to audit by the state auditor under Chapter 321, Government Code. Acts 1997, 75th Leg., ch. 166,...
• Texas Section 16.044 - Approval Of Budget
  The commission budget is subject to legislative approval as part of the General Appropriations Act. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept....

Last modified: September 28, 2016