Section 49-31-117 - Commission disbursement of certain bond or other proceeds to affected customers--Interest

49-31-117. Commission disbursement of certain bond or other proceeds to affected customers--Interest.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 customers. Source: SL 2005, ch 248, §1.