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2001 SESSION
SB 899 Public service companies; issuance of securities.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Public service companies; issuance of securities. Exempts telephone companies that are subject to an alternative form of regulation from laws that provide for State Corporation Commission approval of the issuance of securities and other obligations by public service companies. In lieu of the existing requirements, exempt companies shall give the SCC 90 days' notice of the issuance of certain obligations. The SCC may rescind the exemption for a company if it finds that the exemption is not in the public interest.
SUMMARY AS INTRODUCED:
Public service companies; issuance of securities. Exempts telephone companies that are subject to an alternative form of regulation from laws that provide for State Corporation Commission approval of the issuance of securities and other obligations by public service companies. In lieu of the existing requirements, exempt companies shall give the SCC 90 days' notice of the issuance of certain obligations. The SCC may rescind the exemption for a company if it finds that the exemption is not in the public interest.