| 1 | 1 | | 88R22007 DIO-D |
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| 2 | 2 | | By: Smithee, King of Uvalde, Ashby, Anderson, H.B. No. 2771 |
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| 3 | 3 | | Dean, et al. |
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| 4 | 4 | | Substitute the following for H.B. No. 2771: |
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| 5 | 5 | | By: Metcalf C.S.H.B. No. 2771 |
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| 6 | 6 | | |
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| 7 | 7 | | |
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| 8 | 8 | | A BILL TO BE ENTITLED |
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| 9 | 9 | | AN ACT |
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| 10 | 10 | | relating to disbursements from the universal service fund for |
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| 11 | 11 | | certain small and rural companies. |
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| 12 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 13 | 13 | | SECTION 1. Section 56.032, Utilities Code, is amended by |
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| 14 | 14 | | adding Subsections (d-1) and (d-2) and amending Subsection (n) to |
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| 15 | 15 | | read as follows: |
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| 16 | 16 | | (d-1) In addition to the report required by Subsection (d), |
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| 17 | 17 | | a small provider that submits a request under Subsection (c) shall |
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| 18 | 18 | | file with the commission annually a report that includes the |
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| 19 | 19 | | following information regarding the provider's operations that are |
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| 20 | 20 | | regulated by the commission: |
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| 21 | 21 | | (1) total operating revenues; |
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| 22 | 22 | | (2) total operating expenses; |
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| 23 | 23 | | (3) total operating tax expense; |
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| 24 | 24 | | (4) rate of return; |
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| 25 | 25 | | (5) total invested capital; and |
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| 26 | 26 | | (6) network access revenue. |
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| 27 | 27 | | (d-2) A small provider shall file the report required by |
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| 28 | 28 | | Subsection (d-1) using the commission's public filing system. |
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| 29 | 29 | | Subsection (k) does not apply to information in a report filed under |
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| 30 | 30 | | Subsection (d-1). |
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| 31 | 31 | | (n) Subsections (a), (c), (d), (e), (f), (g), (h), (i), (j), |
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| 32 | 32 | | (k), (l), and (m) and any monthly amounts approved under those |
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| 33 | 33 | | subsections expire September 1, 2033 [2023]. |
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| 34 | 34 | | SECTION 2. This Act takes effect immediately if it receives |
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| 35 | 35 | | a vote of two-thirds of all the members elected to each house, as |
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| 36 | 36 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 37 | 37 | | Act does not receive the vote necessary for immediate effect, this |
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| 38 | 38 | | Act takes effect September 1, 2023. |
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