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Ch. 494
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2002 LAWS OF MARYLAND
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(2) Any amount of a bill that is not paid within 30 days after the date of
determination on a hearing or, if a hearing is not requested, on the date when
payment is due, shall bear annual interest at a rate, not less than 6%, that the
Commission sets by regulation.
2-110.1.
(A) IN THIS SECTION, "FUND" MEANS THE PUBLIC SERVICE COMMISSION AND
OFFICE OF THE PEOPLE'S COUNSEL FUND.
(B) THERE IS A PUBLIC SERVICE COMMISSION AND OFFICE OF THE PEOPLE'S
COUNSEL FUND.
(C) THE COMMISSION SHALL ADMINISTER THE FUND.
(D) (1) THE FUND IS A SPECIAL, NONLAPSING FUND THAT IS NOT SUBJECT
TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
(2) THE TREASURER SHALL HOLD THE FUND SEPARATELY AND THE
COMPTROLLER SHALL ACCOUNT FOR THE FUND.
(E) THE FUND CONSISTS OF ASSESSMENTS MADE TO THE FUND IN
ACCORDANCE WITH § 2-110 OF THIS SUBTITLE.
(F) (1) THE TREASURER SHALL INVEST THE MONEY OF THE FUND IN THE
SAME MANNER AS OTHER STATE MONEY MAY BE INVESTED.
(2) ANY INVESTMENT EARNINGS OF THE FUND SHALL BE RETAINED TO
THE CREDIT OF THE FUND.
(G) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE
WITH THE STATE BUDGET.
(H) THIS SECTION MAY NOT BE CONSTRUED TO PROHIBIT THE FUND FROM
RECEIVING FUNDS FROM ANY OTHER SOURCE.
(I) THE FUND SHALL BE USED ONLY TO PROVIDE FUNDING FOR THE
COMMISSION AND THE OFFICE OF THE PEOPLE'S COUNSEL AND FOR THE PURPOSES
AUTHORIZED UNDER THIS ARTICLE THERE IS A PUBLIC UTILITY REGULATION FUND.
(B) THE FUND CONSISTS OF:
(1) ALL REVENUE RECEIVED THROUGH THE IMPOSITION AND
COLLECTION OF ASSESSMENTS UNDER § 2-110 OF THIS SUBTITLE;
(2) FEES RECEIVED BY THE COMMISSION UNDER § 2-123 OF THIS
SUBTITLE FOR FILINGS AND FOR OTHER SERVICES RENDERED BY THE
COMMISSION;
(3) INCOME FROM INVESTMENTS THAT THE STATE TREASURER MAKES
FOR THE FUND; AND
(4) ANY OTHER FEE, EXAMINATION ASSESSMENT OR REVENUE
RECEIVED BY THE COMMISSION UNDER THIS ARTICLE.
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- 3890 -
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