Texas Statutes
Subchapter M. Winter Storm Uri Default Balance Financing
Section 39.606. True-Up Mechanism

Sec. 39.606. TRUE-UP MECHANISM. An order issued under Section 39.603 or 39.604 must include a mechanism requiring that default charges be reviewed and adjusted at least annually, not later than the 45th day after the anniversary date of the issuance of the order, to:
(1) correct over-collections or under-collections over the preceding 12 months; and
(2) ensure the expected recovery of amounts sufficient to timely provide all payments of debt service.
Added by Acts 2021, 87th Leg., R.S., Ch. 908 (H.B. 4492), Sec. 5, eff. June 16, 2021.

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