This account is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated accounts may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date: 2003-07-01
Revised Date: 2017-09-01

Legal Citations

  • Utilities Code sec. 39.903(a), sec. 39.9039

Origin:

2003 by H.B. 3378 and H.B. 3318, 78th Leg., R.S.

Purpose

Before 9/1/2013:

Recreated as an account in the General Revenue Fund for a nonbypassable fee up to 65 cents per megawatt hour. If the fee is set at 65 cents per megawatt hour or if the Commission determines that appropriations are insufficient to fund a 10% rate reduction, the Commission may reduce the rate reduction to less than 10%. Used for programs to assist low-income electric customers through rate reductions, customer education and the school funding loss mechanism provided in § 39.901.

Beginning 9/1/2013:

Fee set at zero beginning 9/1/2013 through 9/1/2017. The 10% reduction rate was changed by H.B. 7, 83rd Leg., R.S. to provide up to a 82% reduction for the months of September, and May through August, starting fiscal year 2014 and a 15% reduction for the same months in fiscal 2015 and fiscal 2016. The rate for fiscal 2016 was further changed by H.B. 1101 and H.B. 7, 84th Leg., R.S. to one the commission determines is necessary to exhaust the account.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Deposited to General Revenue Fund 0001.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Financial Activity

To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

Formerly created as the System Benefit Trust Fund (0852). Balances transferred to the new GR Account per H.B. 3318, 78th Legislature, R.S. Amended by S.B. 1863, 79th Leg., R.S.

Fee and rate changed by H.B. 7, 83rd Leg., R.S.

H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue.

H.B. 1101 and H.B. 7, 84th Leg., R.S. changed fiscal 2016 15% reduction rate to a rate determined by the PUC to exhaust the account.

Account expired. Utilities Code secs. 39.903 and 39.9039 expired 09/01/2017. 

USAS Values

USAS Title GR ACCT - SYSTEM BENEFIT
Consolidated Fund 0001
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status I
Used to make general expenditures for the daily operations of state government.