Ch. 104

1993 LAWS OF MARYLAND

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 78 - Public Service Commission Law

54D.

(a) Except for a small rural electric cooperative, a steam heating, gas, or electric
utility which directly passes on to its customers any change in its fuel costs, costs of
purchased power, or costs of purchased gas is required each month to verify and justify
the adjusted costs to the Commission. The Commission shall conduct a public evidentiary
hearing no less frequently than once every [six] 12 months on these changes. The
Commission shall order a utility to charge off and amortize, by means of a temporary
decrease of rates any charges it finds were unjustified upon the failure of the company to
show that its charges were based solely on increased fuel purchased power or purchased
gas costs or upon the failure of the company to follow competitive practices in the
procurement and purchasing of said fuel, purchased power, or purchased gas or upon a
showing that the company was unreasonable in its fuel procurement and purchasing
practices.

.(b) This section shall apply to electric fuel rate adjustment clauses of those
electric companies not subject to the provisions of § 54F, to the fuel rate adjustment
clauses of steam heating companies, and to all purchased power adjustment clauses and
all purchased gas adjustment clauses.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1993.

Approved April 26, 1993.

CHAPTER 104
(Senate Bill 186)

AN ACT concerning

Property Tax - Interest Rate - City of Cambridge

FOR the purpose of authorizing the governing body of the City of Cambridge to set by
law the rate of interest per month imposed on overdue property tax.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 14-603(b)
Annotated Code of Maryland
(1986 Volume and 1992 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

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