Public Utilities Commission, disbursement of
certain funds to customers required.
ENTITLED, An Act to
require the Public Utilities Commission to disburse certain bond or other
proceeds to affected customers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
be amended by adding thereto a NEW SECTION to read as
Upon receipt of any bond, letter of credit, or other proceeds that are payable to the commission
and were issued to protect the financial interests of customers of a telecommunications company,
the commission shall disburse the proceeds to affected customers pursuant to chapter 1-26. Any
interest and other revenue earned on the proceeds shall accrue for the benefit of the affected