Tex. Util. Code § 39.606

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 39.606 - True-Up Mechanism

An order issued under Section 39.603 or 39.604 must include a mechanism requiring that default charges be reviewed and adjusted at least annually, not later than the 45th day after the anniversary date of the issuance of the order, to:

(1) correct over-collections or under-collections over the preceding 12 months; and

(2) ensure the expected recovery of amounts sufficient to timely provide all payments of debt service.

Tex. Util. Code § 39.606

Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, eff. June 16, 2021.