§ 2-110.1. Public Utility Regulation Fund

West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2022

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 2. Public Service Commission and People's Counsel (Refs & Annos)
Subtitle 1. Public Service Commission (Refs & Annos)
Effective: October 1, 2022
MD Code, Public Utilities, § 2-110.1
Formerly cited as MD PUBLIC UTIL COMP § 2-110.1
§ 2-110.1. Public Utility Regulation Fund
Currentness
In general
(a) There is a Public Utility Regulation Fund.
Contents of Fund
(b) The Fund consists of:
(1) all revenue received through the imposition and collection of assessments under § 2-110 of this subtitle;
(2) fees received by the Commission under § 2-123 of this subtitle for filings and for other services rendered by the Commission;
(3) income from investments that the State Treasurer makes for the Fund; and
(4) any other fee, examination assessment, or revenue received by the Commission under this division.
Disposition of fines and penalties
(c) Notwithstanding subsection (b) of this section, the Commission shall pay all fines and penalties collected by the Commission under this article into the Resiliency Hub Grant Program Fund established under § 9-2015 of the State Government Article.
Purposes of Fund
(d) The purpose of the Fund is to pay all the costs and expenses incurred by the Commission and the Office of People's Counsel that are related to the operation of the Commission and the Office of People's Counsel, including:
(1) expenditures authorized under this division; and
(2) any other expense authorized in the State budget.
Expenditures from Fund
(e)(1) All the costs and expenses of the Commission and the Office of People's Counsel shall be included in the State budget.
(2) Expenditures from the Fund to cover costs and expenses of the Commission and Office of People's Counsel may only be made:
(i) with an appropriation from the Fund approved by the General Assembly in the State budget; or
(ii) by budget amendment in accordance with § 7-209 of the State Finance and Procurement Article.
Custodian of Fund
(f)(1) The State Treasurer is the custodian of the Fund.
(2) The State Treasurer shall deposit payments received from the Commission into the Fund.
Nature of Fund
(g)(1) The Fund is a continuing, special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article, and may not be considered a part of the General Fund of the State.
(2) Unless otherwise provided by law, no part of the Fund may revert or be credited to:
(i) the General Fund of the State; or
(ii) any other special fund of the State.

Credits

Added by Acts 2002, c. 494, § 1, eff. June 1, 2002. Amended by Acts 2010, c. 52, § 1, eff. Oct. 1, 2010; Acts 2022, c. 734, § 1, eff. Oct. 1, 2022; Acts 2022, c. 735, § 1, eff. Oct. 1, 2022.
MD Code, Public Utilities, § 2-110.1, MD PUBLIC UTIL § 2-110.1
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