H.B. No. 1531
AN ACT
relating to the powers and duties of gas and electric corporations.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 181.001(1), Utilities Code, is amended
to read as follows:
(1) "Corporation" includes:
(A) a partnership, limited partnership, or
master limited partnership;
(B) a [or other] combination of business entities
composed exclusively of corporations or in which a corporation is a
general partner; [and]
(C) [(B)] a limited liability company; and
(D) a gas utility or electric utility regardless
of form of organization, but not including a municipally owned
utility.
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, 2003.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1531 was passed by the House on April
10, 2003, by the following vote: Yeas 143, Nays 0, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 1531 was passed by the Senate on May
20, 2003, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor