2023S0151-1 02/15/23 By: Perry S.B. No. 1425 A BILL TO BE ENTITLED AN ACT relating to the continuation of the distribution of universal service funds to certain small and rural incumbent local exchange companies. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 56.032(n), Utilities Code, is amended to read as follows: (n) Subsections (a), (c), (d), (e), (f), (g), (h), (i), (j), (k), (l), and (m) and any monthly amounts approved under those subsections expire September 1, 2033 [2023]. 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, 2023.