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2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Bell
Rate Adjustment Clause, Provision of Broadband (SB 267)

Item 490 #2s

Item 490 #2s

First Year - FY2023 Second Year - FY2024
Independent Agencies
State Corporation Commission FY2023 $50,000 FY2024 $50,000 GF

Language
Page 515, line 20, strike "$33,989,788" and insert "$34,039,788".
Page 515, line 20, strike "$32,372,448" and insert "$32,422,448".


Explanation

(This amendment provides $50,000 GF each year to cover the potential fiscal impact associated with SB 267 of the 2022 General Assembly Session, contingent on its final passage, which authorizes an electric cooperative to petition the State Corporation Commission for approval of one or more rate adjustment clauses for the timely and current recovery of costs from customers of one or more projects for the provision of broadband.)