Bill Text: TX SB1425 | 2023-2024 | 88th Legislature | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Comm_Sub.html

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By: Perry, et al. S.B. No. 1425
(Smithee, King of Uvalde, Ashby, Anderson, Dean, et al.)

A BILL TO BE ENTITLED
AN ACT
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 [2023].
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.