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