Bill Text: TX SB734 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Relating to the setting of annual interest rates for utility deposits by the Public Utility Commission of Texas.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2015-06-09 - Effective on 9/1/15 [SB734 Detail]
Download: Texas-2015-SB734-Enrolled.html
S.B. No. 734 |
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relating to the setting of annual interest rates for utility | ||
deposits by the Public Utility Commission of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 183.003, Utilities Code, is amended to | ||
read as follows: | ||
Sec. 183.003. RATE OF INTEREST. The commission on or before | ||
each December 1[ |
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rate for the next calendar year on deposits governed by this chapter | ||
at the average rate paid over the previous 12-month period on United | ||
States treasury bills with a 26-week maturity. | ||
SECTION 2. This Act takes effect September 1, 2015. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I hereby certify that S.B. No. 734 passed the Senate on | ||
April 9, 2015, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
I hereby certify that S.B. No. 734 passed the House on | ||
May 21, 2015, by the following vote: Yeas 143, Nays 0, two | ||
present not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
Approved: | ||
______________________________ | ||
Date | ||
______________________________ | ||
Governor |