§ 45:1240 — Additional authority

§1240. Additional authority
A. The provisions of R.S. 45:1237 through 1239 shall be additional and alternative
authority and shall provide the full method together with the other provisions of this Part for
the exercise of the powers herein granted and accomplishment of the things authorized
hereby and shall be regarded as supplemental and additional to powers conferred by other
laws. All rights and powers granted by this Part to the corporation and the issuers of storm
recovery bonds shall be cumulative with those derived from other sources and shall not,
except as expressly stated herein, be construed in limitation thereof.
B. A utility may finance storm recovery costs pursuant to R.S. 45:1237 through 1239
that were incurred prior to the effective date of those Sections. To the extent that a utility has
made application for a determination of eligible storm recovery costs prior to the effective
date of R.S. 45:1237 through 1239, that application may provide the basis in part for the
commission's financing order relying in part upon those Sections.

Legislative History

Acts 2021, No. 293, §2, eff. June 14, 2021.