Texas § UT.53.110 - BONDED RATES
Full text of Texas The Texas Constitution § UT.53.110 — BONDED RATES, with citation guidance and answers to common questions.
§ UT.53.110. BONDED RATES
BONDED RATES. (a) A utility may put a changed rate into effect by filing a bond with the commission if: (1) the 150-day suspension period has been extended under Section 53.108 (b); and (2) the commission fails to make a final determination before the 151st day after the date the rate change would otherwise be effective. (b) The bonded rate may not exceed the proposed rate. (c) The bond must be: (1) payable to the commission in an amount, in a form, and with a surety approved by the commission; and (2) conditioned on refund. (d) The utility shall refund or credit against future bills: (1) money collected under the bonded rates in excess of the rate finally ordered; and (2) interest on that money, at the current interest rate as determined by the commission. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § UT.53.110
What does The Texas Constitution § UT.53.110 cover?
Section UT.53.110 ("BONDED RATES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § UT.53.110?
A common citation format is "The Texas Constitution § UT.53.110" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § UT.53.110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.