CHAPTER 16. COMMISSION FINANCING
UTILITIES CODE
TITLE 2. PUBLIC UTILITY REGULATORY ACT
SUBTITLE A. PROVISIONS APPLICABLE TO ALL UTILITIES
CHAPTER 16. COMMISSION FINANCING
SUBCHAPTER A. ASSESSMENT ON PUBLIC UTILITIES
Sec. 16.001. ASSESSMENT ON PUBLIC UTILITIES. (a) To defray the
expenses incurred in the administration of this title, an
assessment is imposed on each public utility, retail electric
provider, and electric cooperative within the jurisdiction of the
commission that serves the ultimate consumer, including each
interexchange telecommunications carrier.
(b) An assessment under this section is equal to one-sixth of
one percent of the public utility's, retail electric provider's,
or electric cooperative's gross receipts from rates charged to
the ultimate consumer in this state.
(c) An interexchange telecommunications carrier that does not
provide local exchange telephone service may collect the fee
imposed under this section as an additional item separately
stated on the customer bill as "utility gross receipts
assessment."
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Amended by Acts 1999, 76th Leg., ch. 405, Sec. 10, eff. Sept. 1,
1999.
Sec. 16.002. PAYMENT DATES. (a) The assessment is due August
15.
(b) A public utility may instead make quarterly payments due
August 15, November 15, February 15, and May 15.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Sec. 16.003. LATE PAYMENT PENALTY. (a) An additional fee equal
to 10 percent of the amount due shall be assessed for any late
payment of an assessment required under this subchapter.
(b) An assessment delinquent for more than 30 days accrues
interest at an annual rate of 12 percent on the amount of the
assessment and penalty due.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Sec. 16.004. COLLECTION BY COMPTROLLER. The comptroller shall
collect the assessment and any penalty or interest due under this
subchapter.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
SUBCHAPTER B. GRANTS AND OTHER FINANCIAL ASSISTANCE
Sec. 16.021. GRANTS OF FEDERAL FUNDS. (a) The commission may
apply to an appropriate agency or officer of the United States to
receive and spend federal funds available by grant or other
similar form of financial assistance.
(b) This section does not impair the ability of the commission
to contract with or receive assistance from a state, local, or
other authorized source of funds.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
SUBCHAPTER C. MONEY DISPOSITION, ACCOUNTING, AND BUDGET
Sec. 16.041. APPLICATION OF STATE FUNDS REFORM ACT. Money paid
to the commission or to the office under this title is subject to
Subchapter F, Chapter 404, Government Code.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Sec. 16.042. ACCOUNTING RECORDS. The commission shall keep the
accounting records required by the comptroller.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Sec. 16.043. AUDIT. The financial transactions of the
commission are subject to audit by the state auditor under
Chapter 321, Government Code.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Sec. 16.044. APPROVAL OF BUDGET. The commission budget is
subject to legislative approval as part of the General
Appropriations Act.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.