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State of South Dakota
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EIGHTIETH LEGISLATIVE ASSEMBLY, 2005 |
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SENATE BILL
NO.
18
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Introduced by:
The Committee on State Affairs at the request of the Public Utilities
Commission
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FOR AN ACT ENTITLED, An Act to
require the Public Utilities Commission to disburse
certain bond or other proceeds to affected customers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 49-31 be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 49-31 be amended by adding thereto a NEW SECTION to read as follows:
Upon receipt of any bond, letter of credit, or other proceeds that are payable to the
commission and were issued to protect the financial interests of customers of a
telecommunications company, the commission shall disburse the proceeds to affected customers
pursuant to chapter 1-26. Any interest and other revenue earned on the proceeds shall accrue for
the benefit of the affected customers.
300 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.029 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated byoverstrikes.
Legislative Research Council at a cost of $.029 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by
