2994

LAWS OF MARYLAND

Ch. 847

other factors, to the inherent advantages of transportation
by such carriers; to the need, in the public interest, of,
adequate and efficient transportation services by such
carriers at the lowest cost consistent with the furnishing
of such service; and to the need of revenues sufficient to
enable such carrier, under honest, economical, and efficient
management, to provide such service, and upon consideration
of such matters shall establish the need for proper revenue
by determination of a fair and equitable operating ratio,
which is the relationship of carrier expenses to carrier
operating revenues.

(c) A public service company may not charge off
against its rate payers expenses for lobbying.

(D) IN THE EXERCISE OF ITS POWER TO PRESCRIBE JUST AND
REASONABLE RATES, THE COMMISSION MAY NOT DISCOURAGE THE USE
OF EMPLOYEE STOCK OWNERSHIP PLANS BY PUBLIC SERVICE
COMPANIES, BY DENYING THEM THE FULL BENEFITS OF INVESTMENT
TAX CREDITS PROVIDED IN CONNECTION WITH THESE PLANS BY THE
FEDERAL INTERNAL REVENUE CODE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 27, 1980.

CHAPTER 848

(House Bill 468)

AN ACT concerning

Workmen's Compensation - Late Payment

FOR the purpose of requiring that a certain percentage of a
workmen's compensation award be given in addition to
the award if the award is not paid within a certain
time.

FOR the purpose of providing that a certain penalty shall be
paid to a workmen's compensation claimant if a certain
payment is not made within a certain time.

BY adding to

Article 101 - Workmen's Compensation

Section 36(13)

Annotated Code of Maryland

(1979 Replacement Volume and 1979 Supplement)