1232.1072[1/2] – ISSUANCE OF OBLIGATIONS FOR FINANCING CUSTOMER
Texas Government Code § 1232.1072[1/2]
Summary
This law allows the creation of an issuing financing entity to issue customer rate relief bonds, which must be approved by the Railroad Commission of Texas. It primarily affects utilities and their customers by providing a mechanism for financing rate relief.
Enables issuance of customer rate relief bonds.
Requires approval from the Railroad Commission of Texas.
Establishes a public entity for financing purposes.
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In simple terms: Learn about Texas's ISSUANCE OF OBLIGATIONS FOR FINANCING CUSTOMER law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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