S.B. No. 2306
AN ACT
relating to rates and methods of depreciation applied to a retired
class of property for regulated water utilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (c), Section 13.131, Water Code, is
amended to read as follows:
(c) The commission shall fix proper and adequate rates and
methods of depreciation, amortization, or depletion of the several
classes of property of each utility and shall require every utility
to carry a proper and adequate depreciation account in accordance
with those rates and methods and with any other rules the commission
prescribes. Rules adopted under this subsection must require the
book cost less net salvage of depreciable utility plant retired to
be charged in its entirety to the accumulated depreciation account
in a manner consistent with accounting treatment of regulated
electric and gas utilities in this state. Those rates, methods,
and accounts shall be utilized uniformly and consistently
throughout the rate-setting and appeal proceedings.
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, 2009.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 2306 passed the Senate on
April 23, 2009, by the following vote: Yeas 30, Nays 0;
May 14, 2009, Senate refused to concur in House amendments and
requested appointment of Conference Committee; May 18, 2009, House
granted request of the Senate; May 30, 2009, Senate adopted
Conference Committee Report by the following vote: Yeas 31,
Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 2306 passed the House, with
amendments, on May 11, 2009, by the following vote: Yeas 144,
Nays 1, two present not voting; May 18, 2009, House granted request
of the Senate for appointment of Conference Committee;
May 23, 2009, House adopted Conference Committee Report by the
following vote: Yeas 142, Nays 0, two present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor