| Old | New | Differences | |
|---|---|---|---|
| 1 | - | By: Fraser S.B. No. 734 | |
| 2 | - | (Cook) | |
| 1 | + | S.B. No. 734 | |
| 3 | 2 | ||
| 4 | 3 | ||
| 5 | - | A BILL TO BE ENTITLED | |
| 6 | 4 | AN ACT | |
| 7 | 5 | relating to the setting of annual interest rates for utility | |
| 8 | 6 | deposits by the Public Utility Commission of Texas. | |
| 9 | 7 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 8 | SECTION 1. Section 183.003, Utilities Code, is amended to | |
| 11 | 9 | read as follows: | |
| 12 | 10 | Sec. 183.003. RATE OF INTEREST. The commission on or before | |
| 13 | 11 | each December 1[, or the next regular workday if December 1 is a | |
| 14 | 12 | Saturday, Sunday, or legal holiday,] shall set the annual interest | |
| 15 | 13 | rate for the next calendar year on deposits governed by this chapter | |
| 16 | 14 | at the average rate paid over the previous 12-month period on United | |
| 17 | 15 | States treasury bills with a 26-week maturity. | |
| 18 | 16 | SECTION 2. This Act takes effect September 1, 2015. | |
| 17 | + | ______________________________ ______________________________ | |
| 18 | + | President of the Senate Speaker of the House | |
| 19 | + | I hereby certify that S.B. No. 734 passed the Senate on | |
| 20 | + | April 9, 2015, by the following vote: Yeas 31, Nays 0. | |
| 21 | + | ______________________________ | |
| 22 | + | Secretary of the Senate | |
| 23 | + | I hereby certify that S.B. No. 734 passed the House on | |
| 24 | + | May 21, 2015, by the following vote: Yeas 143, Nays 0, two | |
| 25 | + | present not voting. | |
| 26 | + | ______________________________ | |
| 27 | + | Chief Clerk of the House | |
| 28 | + | Approved: | |
| 29 | + | ______________________________ | |
| 30 | + | Date | |
| 31 | + | ______________________________ | |
| 32 | + | Governor |