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2006 LAWS OF MARYLAND
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Ch. 34
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2. the Commission approves the acquisition.
(ii) The Commission may authorize a public service company of the
same class to take, hold, or acquire more than 10% of the total capital stock of a public
service company or of a subsidiary or affiliate, as defined in § 7-501 of this Article, of
a public service company that operates in Maryland.
(III) THIS PARAGRAPH DOES NOT PROHIBIT A PUBLIC SERVICE
COMPANY FROM CONTINUING TO HOLD THE CAPITAL STOCK OF ANY PUBLIC
SERVICE COMPANY THAT IT HELD ON MARCH 29, 2006.
(5) A public service company may not be a party to a violation of this
subsection.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
from the date it is enacted, contingent on the taking effect of Chapter____(H.B. 1713)
of the Acts of the General Assembly of 2006, and if Chapter____does not become
effective, this Act shall be null and void without the necessity of further action by the
General Assembly.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act is an emergency
measure, is necessary for the immediate preservation of the public health or safety,
has been passed by a yea and nay vote supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly, and shall take effect from
the date it is enacted.
Approved April 6, 2006.
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CHAPTER 34
(Senate Bill 48)
AN ACT concerning
State Lottery - Prize Winners - Voluntary Assignments
FOR the purpose of enabling certain prize winners of the State lottery to voluntarily
assign prizes that are paid in installments under certain circumstances;
authorizing a certain court to hear petitions for approval of voluntary
assignments; requiring a certain court to issue an order that approves a
voluntary assignment and directs the State Lottery Agency to make certain
payments to the assignee if the court makes certain findings; requiring that a
certain notice be given to the State Lottery Agency at a certain time; requiring
the State Lottery Agency under certain circumstances to send the assignor and
the assignee written confirmation of an assignment and the State Lottery
Agency's intent to rely on it in making payments to the assignee; prohibiting
assignments from including certain payments; discharging the State Lottery
Agency, the State Lottery Commission, and officials and employees of the State
Lottery Agency from liability under certain circumstances; providing that
certain persons be held harmless and be indemnified from certain proceedings
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