Public Utilities and Carriers

Public Utilities Commission

SECTION 39-1-47

§ 39-1-47 Creation and existence of intangible transition property.

Intangible transition property shall arise and exist when the applicable securitization order becomes effective in accordance with § 39-1-45(1) and shall thereafter continuously exist as provided in the order, which shall be for a period at least equal to the period to which the agreement of the state under § 39-1-53 applies with respect to the securitization order.

History of Section.
(P.L. 1997, ch. 142, § 1.)