DEPRECIATION ACCOUNT
Known as the Gas Utility Regulatory Act
The act spans §§ 101–105 (133 sections).
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff
The railroad commission shall require each gas utility or municipally owned utility to carry a proper and adequate depreciation account in accordance with:
(1) the rates and methods prescribed by the railroad commission under Section 104.054; and
(2) any other rule the railroad commission adopts.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.