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AN ACT
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relating to rates and methods of depreciation applied to a retired |
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class of property for regulated water utilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (c), Section 13.131, Water Code, is |
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amended to read as follows: |
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(c) The commission shall fix proper and adequate rates and |
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methods of depreciation, amortization, or depletion of the several |
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classes of property of each utility and shall require every utility |
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to carry a proper and adequate depreciation account in accordance |
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with those rates and methods and with any other rules the commission |
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prescribes. Rules adopted under this subsection must require the |
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book cost less net salvage of depreciable utility plant retired to |
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be charged in its entirety to the accumulated depreciation account |
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in a manner consistent with accounting treatment of regulated |
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electric and gas utilities in this state. Those rates, methods, |
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and accounts shall be utilized uniformly and consistently |
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throughout the rate-setting and appeal proceedings. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 2306 passed the Senate on |
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April 23, 2009, by the following vote: Yeas 30, Nays 0; |
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May 14, 2009, Senate refused to concur in House amendments and |
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requested appointment of Conference Committee; May 18, 2009, House |
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granted request of the Senate; May 30, 2009, Senate adopted |
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Conference Committee Report by the following vote: Yeas 31, |
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Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 2306 passed the House, with |
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amendments, on May 11, 2009, by the following vote: Yeas 144, |
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Nays 1, two present not voting; May 18, 2009, House granted request |
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of the Senate for appointment of Conference Committee; |
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May 23, 2009, House adopted Conference Committee Report by the |
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following vote: Yeas 142, Nays 0, two present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |