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PARRIS N. GLENDENING, Governor
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Ch. 426
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(II) IF NECESSARY, PRIVATE OWNERS RECEIVING SERVICE FROM
THE RELOCATED LINES AND FACILITIES PLACE ANY connection [thereto to be
placed] underground [if necessary by private owners then receiving service from the
overhead lines and facilities].
(2) [The] A law ENACTED UNDER THIS SECTION [shall provide] SHALL:
[(1)](I) [The] REQUIRE THAT THE estimated cost to property owners
for work [to be] performed on private property be determined and made available to
affected property owners;
[(2)] (II) [Financing of] PROVIDE FINANCING FOR these costs to private
[owners be provided] OWNERS, including FINANCING FOR any charges for the
amortization of the bonds issued to initially cover [such] private costs[. The county,
municipal corporation, or Baltimore City may enter into agreement with individual
property owners whereupon it will advance funds to cover the property owner's costs
involved in the conversion of the overhead lines and facilities and may appropriate
funds, levy taxes or borrow funds to pay and advance the costs of such conversion. The
county or municipal corporation and Baltimore City also may impose a benefit
assessment against the property in the district for which the conversion is made in
order to recapture such expended costs and make appropriate provisions for the
collection thereof]; and
[(3)] (III) [Any] INCLUDE ANY other provisions reasonably related to
[the objective of] placing [underground] overhead lines and facilities
UNDERGROUND[,] and the administration of [such] UNDERGROUND RELOCATION
projects.
(b) (1) Notwithstanding any other provision [in] OF this [section]
SECTION, the Public Service Commission [shall prescribe] SHALL:
(I) PRESCRIBE the amount of the monthly surcharge required to
support the net capital costs OF AN UNDERGROUND RELOCATION and determine
which customers of the applicable utility are subject to the [surcharge, or the
Commission shall include] SURCHARGE;
(II) INCLUDE the related net capital costs in the rate [base, or shall
adopt] BASE; OR
(III) ADOPT any other method to appropriately apportion the [said]
costs.
(2) [However, in no event shall the utility] A UTILITY MAY NOT be
required to pay more than [50 percent] ONE-HALF of the net capital costs OF
UNDERGROUND RELOCATION.
(3) [The county, municipal corporation, or Baltimore City is authorized
to make appropriations] A LOCAL JURISDICTION MAY APPROPRIATE MONEY for
[such] UNDERGROUND relocation projects from any appropriate federal, State, and
local funds it receives for [this] THE purpose.
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- 2361 -
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