540                                       LAWS OF MARYLAND                             [Ch. 4

ELECTRIC ENERGY GENERATED IN THE STATE TO BE PAID BY
ANY ELECTRIC COMPANY AS DEFINED IN THE PUBLIC SERVICE
COMMISSION LAW. THIS SURCHARGE INITIALLY SHALL BE
ASSESSED AT 0.1 MILL PER KILOWATT HOUR AS OF JANUARY
1, 1972. THE PUBLIC SERVICE COMMISSION SHALL IMPOSE
THE SURCHARGE PER KILOWATT HOUR OF ELECTRIC ENERGY
GENERATED WITHIN THE STATE BY AUTHORIZING THE ELECTRIC
COMPANIES TO ADD THE FULL AMOUNT OF THE SURCHARGE TO
CUSTOMERS' BILLS. REVENUES FROM THE SURCHARGE MADE BY
ELECTRIC COMPANIES SHALL BE COLLECTED BY THE
COMPTROLLER AND PLACED IN THE FUND.

REVISOR'S NOTE: This section presently appears as
Article 66C, section 766 (a) of the Code.
The only changes made are in style.

(B) THE SECRETARY ANNUALLY SHALL COORDINATE THE
PREPARATION OF A BUDGET REQUIRED TO CARRY OUT THE
PROVISIONS OF THIS SUBTITLE. UPON APPROVAL OF THE
BUDGET BY THE GENERAL ASSEMBLY, THE PUBLIC SERVICE
COMMISSION SHALL ESTABLISH THE AMOUNT OF THE SURCHARGE
PER KILOWATT HOUR FOR THE FISCAL YEAR BEGINNING JULY
1, 1972, AND FOR EACH SUBSEQUENT FISCAL YEAR. THE
SURCHARGE MAY NOT CONTINUE BEYOND 1985 NOR MAY IT EVER
EXCEED 0.3 MILL PER KILOWATT HOUR. THE COMPTROLLER

SHALL MAINTAIN THE METHOD OF COLLECTION OF THE

SURCHARGE FROM THE COMPANIES AND THE COLLECTIONS SHALL

ACCRUE TO THE 'FUND'. THE UTILITIES ARE NOT REQUIRED

TO PAY INTO THE FUND A GREATER AMOUNT THAN THAT WHICH

HAS BEEN COLLECTED LESS 1-1/2% FOR EXPENSES INCURRED

IN THE COLLECTION OF THE SURCHARGE.

REVISOR'S NOTE: This subsection presently appears
as Article 66C, section 766(b) of the Code.
The second paragraph has been redrafted to
delete obsolete provisions in light of the
fact that the comptroller already has
established a method of collection of the
surcharge. The only other changes made are
in style.

(C) THE SECRETARY SHALL ADMINISTER THE FUND.
THE FUND IS SUBJECT TO THE PROVISIONS FOR FINANCIAL
MANAGEMENT AND BUDGETING ESTABLISHED BY THE DEPARTMENT
OF BUDGET AND FISCAL PLANNING. IT SHALL BE USED
EXCLUSIVELY TO CARRY OUT THE PROVISIONS OF THIS
SUBTITLE AS PROVIDED FOR IN THE BUDGET. FOR THE
PURPOSES OF THIS SUBTITLE, THE SECRETARY MAY EXECUTE
APPROPRIATE CONTRACTS WITH ANY STATE OR FEDERAL
AGENCY, RESEARCH ORGANIZATION, INDUSTRY, OR ACADEMIC
INSTITUTION TO CONDUCT THE NECESSARY RESEARCH,