Bill Text: TX SB1425 | 2023-2024 | 88th Legislature | Enrolled
Bill Title: Relating to disbursements from the universal service fund for certain small and rural companies.
Spectrum: Strong Partisan Bill (Republican 22-2)
Status: (Passed) 2023-05-19 - Effective immediately [SB1425 Detail]
Download: Texas-2023-SB1425-Enrolled.html
| S.B. No. 1425 | ||
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| relating to disbursements from the universal service fund for | ||
| certain small and rural companies. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 56.032, Utilities Code, is amended by | ||
| adding Subsections (d-1) and (d-2) and amending Subsection (n) to | ||
| read as follows: | ||
| (d-1) In addition to the report required by Subsection (d), | ||
| a small provider that submits a request under Subsection (c) shall | ||
| file with the commission annually a report that includes the | ||
| following information regarding the provider's operations that are | ||
| regulated by the commission: | ||
| (1) total operating revenues; | ||
| (2) total operating expenses; | ||
| (3) total operating tax expense; | ||
| (4) rate of return; | ||
| (5) total invested capital; and | ||
| (6) network access revenue. | ||
| (d-2) A small provider shall file the report required by | ||
| Subsection (d-1) using the commission's public filing system. | ||
| Subsection (k) does not apply to information in a report filed under | ||
| Subsection (d-1). | ||
| (n) Subsections (a), (c), (d), (e), (f), (g), (h), (i), (j), | ||
| (k), (l), and (m) and any monthly amounts approved under those | ||
| subsections expire September 1, 2033 [ |
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| SECTION 2. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2023. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 1425 passed the Senate on | ||
| April 12, 2023, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1425 passed the House on | ||
| May 3, 2023, by the following vote: Yeas 145, Nays 0, one present | ||
| not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
