RECOVERY OF COSTS.
Tex. UTIL Code § 56.254.
in effectThe commission order designating the successor utility under Section 54.303 shall authorize the utility to recover the costs determined under Section 56.253 . The costs may be amortized and recovered from the state universal service fund, together with interest at the prevailing commercial lending rate:
(1) not later than the first anniversary of the date of the order if the costs are not more than $1 million;
(2) not later than the second anniversary of the date of the order if the costs are more than $1 million but no more than $2 million; and
(3) not later than the third anniversary of the date of the order if the costs are more than $2 million.
Added by Acts 2003, 78th Leg., ch. 76, Sec. 7, eff. Sept. 1, 2003.
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