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§ 12-312. Adoption of resolution ordering conversion

West's Annotated Code of MarylandPublic Utilities

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 12. Underground Facilities (Refs & Annos)
Subtitle 3. Conversion of Overhead Facilities (Refs & Annos)
MD Code, Public Utilities, § 12-312
Formerly cited as MD PUBLIC UTIL COMP § 12-312
§ 12-312. Adoption of resolution ordering conversion
Currentness
Approval by Commission
(a) After approval by the Commission of an agreement under § 12-311 of this subtitle and, if required, a public hearing in accordance with § 12-309 of this subtitle, the legislative body of the county or municipal corporation may adopt a resolution ordering the conversion to be completed in accordance with the resolution.
Contents of resolution
(b) The resolution shall include:
(1) a description of the proposed conversion district;
(2) the method of financing the conversion costs, including:
(i) the issuance of bonds or other evidence of indebtedness;
(ii) an advance from the general fund of the county or municipal corporation; or
(iii) direct payment by the landowners in the conversion district of their respective shares of the conversion costs; and
(3) the amount and duration of property taxes to be levied in the conversion district each year for repayment of any bonds, evidence of indebtedness, or any advances from the general fund of the county or municipal corporation.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.
Formerly Art. 78, § 64A.
MD Code, Public Utilities, § 12-312, MD PUBLIC UTIL § 12-312
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document