House Journal: Page 803: Thursday, March 14, 2002
26 any customer class in excess of the amounts which
27 would have been collected under rates, charges,
28 schedules, or regulations finally approved by the
29 board. The board shall approve a request for
30 temporary authority within thirty days after the date
31 of filing of the request. The decision shall be
32 effective immediately.
33 The board shall determine the rate of interest to
34 be paid by a public utility to persons receiving
35 refunds. The interest rate to be applied to refunds
36 of moneys collected subject to refund under this
37 subsection is one percent per annum plus the average
38 quarterly interest rate at commercial banks for
39 twenty-four-month loans for personal expenditures, as
40 determined by the board, compounded annually. The
41 board shall consider federal reserve statistical
42 release G.19 or its equivalent when determining
43 interest to be paid under this subsection.
44 NEW PARAGRAPH. k. The board and the consumer
45 advocate may employ additional temporary staff, or may
46 contract for professional services with persons who
47 are not state employees, as the board and consumer
48 advocate deem necessary to review a local exchange
49 carrier's operations, proposal for modifications, rate
50 change proposal, or proposed changes in aggregate
Page 2
1 revenue weighted prices pursuant to this subsection.
2 Beginning July 1, 2002, there is appropriated out of
3 any funds in the state treasury not otherwise
4 appropriated, such sums as may be necessary to enable
5 the board to hire additional staff and contract for
6 services under this subsection. The costs of the
7 additional staff and services shall be assessed to the
8 local exchange carrier pursuant to the procedures in
9 sections 475A.6 and 476.10."
10 5. Page 2, line 33, by inserting after the word
11 "rates," the following: "making an appropriation,".
12 6. By renumbering, redesignating, and correcting
13 internal references as necessary.
Amendment H-8289 was adopted.
On motion by Dix of Butler the committee amendment H-8210, as
amended, was adopted.
Dix of Butler moved that the bill be read a last time now and
placed upon its passage which motion prevailed and the bill was read
a last time.
© 2002 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri Mar 15 10:30:00 CST 2002
URL: /DOCS/GA/79GA/Session.2/HJournal/00800/00803.html
jhf