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§ 7-310. Retail Choice Customer Education and Protection Fund

West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2016

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 7. Gas, Electric, and Water Companies (Refs & Annos)
Subtitle 3. Consumer Relations (Refs & Annos)
Effective: October 1, 2016
MD Code, Public Utilities, § 7-310
§ 7-310. Retail Choice Customer Education and Protection Fund
Fund defined
(a) In this section, “Fund” means the Retail Choice Customer Education and Protection Fund.
Establishment of Fund
(b) There is a Retail Choice Customer Education and Protection Fund.
Purpose of Fund
(c) The purpose of the Fund is to provide resources to improve the Commission's ability to:
(1) educate customers on retail electric and gas choice; and
(2) protect customers from unfair, false, misleading, or deceptive practices by electricity or gas suppliers.
Fund administration
(d) The Commission shall administer the Fund.
Nature of Fund
(e)(1) The Fund is a special, nonlasping fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Fund composition
(f) The Fund consists of:
(1) revenue distributed to the Fund under § 13-201(e)(3) of this article;
(2) money appropriated in the State budget to the Fund; and
(3) any other money from any other source accepted for the benefit of the Fund.
Use of Fund
(g) The Fund may be used only to:
(1) educate retail electric or gas customers on retail choice; and
(2) improve customer protections for retail electric or gas customers.
Investment of Fund money
(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be credited to the General Fund of the State.
Expenditures according to the State budget
(i) Expenditures from the Fund may be made only in accordance with the State budget.

Credits

Added by Acts 2016, c. 134, § 1, eff. Oct. 1, 2016.
MD Code, Public Utilities, § 7-310, MD PUBLIC UTIL § 7-310
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document