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520 LAWS OF MARYLAND Ch. 13
PRESCRIBE THE FORM OF SUCH ACCOUNTS, RECORDS, AND
MEMORANDA, AND THE LENGTH OF TIME THAT THEY SHALL BE
PRESERVED.
(C) DEPRECIATION RESERVES; CHARGING DEPRECIATION TO
OPERATING EXPENSES.
THE COMMISSION SHALL PRESCRIBE REGULATIONS REQUIRING
CARRIERS TO MAINTAIN APPROPRIATE ACCOUNTING RESERVES
AGAINST DEPRECIATION. THE COMMISSION MAY PRESCRIBE THE
CLASSES OF PROPERTY FOR WHICH DEPRECIATION CHARGES MAY
PROPERLY BE INCLUDED UNDER OPERATING EXPENSES AND THE
RATE OF DEPRECIATION WHICH SHALL BE CHARGED WITH RESPECT
TO EACH OF SUCH CLASSES OF PROPERTY, AND MAY CLASSIFY THE
CARRIERS AS IT MAY DEEM PROPER FOR THIS PURPOSE. THE
COMMISSION MAY, WHEN IT DEEMS NECESSARY, MODIFY THE
CLASSES AND RATES SO PRESCRIBED. CARRIERS SHALL NOT
CHARGE TO OPERATING EXPENSE ANY DEPRECIATION CHARGES ON
CLASSES OF PROPERTY OTHER THAN THOSE PRESCRIBED BY THE
COMMISSION, OR CHARGE WITH RESPECT TO ANY CLASS OF
PROPERTY A RATE OF DEPRECIATION OTHER THAN THAT
PRESCRIBED THEREFOR BY THE COMMISSION, AND NO CARRIER
SHALL INCLUDE UNDER OPERATING EXPENSES ANY DEPRECIATION
CHARGE OTHER THAN AS PRESCRIBED BY THE COMMISSION.
(D) ACCESS TO PROPERTY, ACCOUNTS, RECORDS, AND
MEMORANDA.
AT ALL TIMES THE COMMISSION AND EACH OF ITS MEMBERS
SHALL HAVE ACCESS TO ALL LANDS, BUILDINGS, AND EQUIPMENT
OF ALL CARRIERS, AND TO ALL ACCOUNTS, RECORDS, AND
MEMORANDA KEPT BY SUCH CARRIERS. WHEN AUTHORIZED BY THE
COMMISSION TO DO SO, ANY EMPLOYEE OF THE COMMISSION MAY
INSPECT ANY SUCH LAND, BUILDINGS, EQUIPMENT, ACCOUNTS,
RECORDS, AND MEMORANDA. THIS SECTION SHALL APPLY, TO THE
EXTENT FOUND BY THE COMMISSION TO BE REASONABLY NECESSARY
FOR THE ADMINISTRATION OF THIS COMPACT, TO ANY PERSON
CONTROLLING, CONTROLLED BY OR UNDER COMMON CONTROL WITH,
ANY CARRIER.
(E) LOCATION OF ACCOUNTS, RECORDS, AND MEMORANDA.
ANY CARRIER WHICH OPERATES BOTH INSIDE AND OUTSIDE
OF THE METROPOLITAN AREA AND WHICH HAS ITS PRINCIPAL
OFFICE OUTSIDE OF THE METROPOLITAN AREA, MAY KEEP ALL OF
ITS ACCOUNTS, RECORDS, AND MEMORANDA AT SUCH PRINCIPAL
OFFICE BUT SHALL PRODUCE SUCH ACCOUNTS, RECORDS, AND
MEMORANDA BEFORE THE COMMISSION WHENEVER THE COMMISSION
SHALL SO DIRECT.
(F) DUTIES IMPOSED BY OTHER COMMISSIONS.
NOTHING IN THIS SECTION SHALL RELIEVE ANY CARRIER
FROM THE OBLIGATIONS IMPOSED UPON IT WITH RESPECT TO THE
MATTERS COVERED IN THIS SECTION BY ANY STATE OR FEDERAL
REGULATORY COMMISSION IN CONNECTION WITH TRANSPORTATION
SERVICE RENDERED OUTSIDE THE METROPOLITAN DISTRICT.
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