Tex. Util. Code § 39.307 · Subchapter G. SECURITIZATION
TRUE-UP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A financing order shall include a mechanism requiring that transition charges be reviewed and adjusted at least annually, within 45 days of the anniversary date of the issuance of the transition bonds, to correct any overcollections or undercollections of the preceding 12 months and to ensure the expected recovery of amounts sufficient to timely provide all payments of debt service and other required amounts and charges in connection with the transition bonds.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.39.htm
- Text hash
- sha256 eb6c8468f0c82c62080fe745b9efa8447425a7c5b5ed7a3e83548dd914b5dd4e
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 4 provisions
Provisions in this library whose text cites Tex. Util. Code § 39.307. Each shows the citation as that text prints it.
Utilities Code
- Tex. Util. Code § 36.402SYSTEM RESTORATION COSTS; STANDARDS AND DEFINITIONS.Printed as Section 39.307
- Tex. Util. Code § 39.303FINANCING ORDERS; TERMS.Printed as Section 39.307
- Tex. Util. Code § 39.309SECURITY INTERESTS; ASSIGNMENT; COMMINGLING; DEFAULT.Printed as Section 39.307
- Tex. Util. Code § 39.310PLEDGE OF STATE.Printed as Section 39.307
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.