Laserfiche WebLink
CITY OF SAN MARCOS ELECTRIC RULES AND REGULATIONS <br />These deposits shall be returned according to guidelines set out in subsection G. <br />below. <br />C. Subject to these rules, an applicant shall not be required to pay a deposit: <br />( 1) if the applicant is applying for a similar service and has been a customer <br />of the San Marcos Electric utility or its predecessor at one location within <br />the last twelve (12) months and has had service at that location for a <br />minimum of three (3) years and during the last twenty -four (24) <br />consecutive months of service did not have more than two (2) occasions <br />in which a bill for such utility service was paid after becoming <br />delinquent. <br />(2) if it is a new applicant for service under the larger general service rate <br />(500 kW or greater) and it provides the San Marcos Electric utility an <br />irrevocable letter of credit from a bank or lending institution approved by <br />the city in the amount equivalent to a deposit calculated according to <br />section B of these rules. Such letter of credit must be approved by the <br />City Attorney and must contain a provision that any litigation concerning <br />the letter of credit must be filed in Hays County, Texas. <br />D. When a customer has had a minimum of three (3) years consecutive service and <br />during the last twenty -four (24) consecutive months of service did not have more <br />than two (2) occasions in which a bill for such utility service was paid after <br />becoming delinquent, the San Marcos Electric Utility will refund the deposit to <br />the customer in the form of cash or credit to the customer's bill or by surrendering <br />the letter of credit, if a letter of credit was posted. <br />E. Deposits not Transferable <br />Deposits are non transferable and will be refunded and/or applied to the final bill <br />upon disconnection of service. <br />F. Records of Deposits <br />(1) The city shall keep records to show: <br />(a) The name and address of each depositor and; <br />(b) The amount and date of the deposits. <br />(2) The City shall issue a receipt of deposit to each applicant from whom a <br />deposit is received, and shall provide means whereby a depositor may <br />establish claim if the receipt is lost. <br />(3) A record of each unclaimed deposit must be maintained for at least four <br />(4) years, during which time the City shall make a reasonable effort to <br />return the deposit. <br />G. Refund of Deposit <br />4 <br />