Tex. Util. Code § 39.307
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A financing order shall include a mechanism requiring that transition charges be reviewed and adjusted at least annually, within 45 days of the anniversary date of the issuance of the transition bonds, to correct any overcollections or undercollections of the preceding 12 months and to ensure the expected recovery of amounts sufficient to timely provide all payments of debt service and other required amounts and charges in connection with the transition bonds.
Tex. Util. Code § 39.307