82nd Texas Legislature, Regular Session, House Bill 2603, Chapter 535 Page: 3 of 5
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H.B. No. 2603
1 that time, beginning with the 1999 calendar year and ending in the
2 year the company makes an election under this subsection; and
3 (2) for the 12-month period following the initial
4 period for which a company made an election under this subsection
5 and for subsequent 12-month periods, by adjusting the most recent
6 annualized support amount calculated by the commission by a factor
7 equal to the percentage change in the consumer price index for the
8 most recent 12-month period.
9 (e) If a company elects to receive monthly support amounts
10 under Subsection (d), the commission, on its own motion or on the
11 written request of the company, may initiate a proceeding to
12 recalculate the most recent annualized support amount to be used as
13 the basis for adjustment for a subsequent 12-month period under
14 Subsection (d)(2). If, based on the recalculation, the commission
15 by order adjusts a company's most recent annualized support amount,
16 the adjusted support amount supersedes the annualized support
17 amount calculated in accordance with Subsection (d).
18 (f) The commission shall administratively review requests
19 filed under Subsections (c) and (d). Except for good cause, the
20 commission shall approve the request not later than the 60th day
21 after the date the commission determines the company is eligible
22 and has met all the procedural requirements under this subchapter.
23 (g) This section does not affect the commission's authority
24 under Chapter 53 or this chapter.
25 (h) This section and any monthly support amount approved
26 under this section expire on September i, 2013.27 SECTION 3. Effective September 1, 2013, Section 56.031,
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Texas. Legislature. House of Representatives. 82nd Texas Legislature, Regular Session, House Bill 2603, Chapter 535, legislative document, June 17, 2011; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth311321/m1/3/: accessed May 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.