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20.73.02.00.htm 20.73.02.00. Title 20 PUBLIC SERVICE COMMISSION Subtitle 73 CONSTRUCTION OF NEW WATER AND SEWAGE DISPOSAL SYSTEMS Chapter 02 Accounting, Financial, and General Information Authority: Public Utilities Article, §2-121 and 5-204, Annotated Code of Maryland
20.73.02.01.htm 20.73.02.01. 01 General.. Each application for authority to construct a system shall be accompanied by the information required by this chapter.
20.73.02.02.htm 20.73.02.02. 02 Corporate Status.. A. If an applicant is incorporated, it shall file:. 1) A certified copy of the charter or articles of incorporation, together with any amendments;. 2) A copy of the bylaws, together with any amendments;. 3) Any stock issuance statements; and. 4) The amount and classes of stock for which the applicant will seek the authority of the Commission to issue and the stated or par value of the shares.B. The applicant shall describe the relationship,
20.73.02.03.htm 20.73.02.03. 03 Capital Structure.. An applicant shall have a minimum equity participation of 25 percent and shall fully disclose all financial and capitalization arrangements to be entered into, and shall provide the details and methods of payment by any person or party of obligations, assessments, fees, and charges resulting from these arrangements.
20.73.02.04.htm 20.73.02.04. 04 Debts and Obligations.. A. An applicant shall separately describe each mortgage, deed of trust, or other lien upon any property of the applicant to be used in the operation of the proposed system.B. In each description required by §A of this regulation, the applicant shall, at a minimum, set forth:1) The date of execution of the described obligation;. 2) The name, or names, of the trustee or trustees;.
20.73.02.05.htm 20.73.02.05. 05 Franchise.. A. Except as provided in §B of this regulation, the applicant shall submit certified copies of each necessary franchise issued by the State or by a political subdivision of the State.B. If franchises are not necessary, the applicant shall submit an affidavit, made under oath and signed by the officers or owners of the proposed system or systems, stating that local franchises are not required.
20.73.02.06.htm 20.73.02.06. 06 Local Approval.. A. The applicant shall submit documentary evidence indicating that:. 1) It has received the required consent of the proper local authorities to the proposed system or systems; and2) The proposed project has been accepted and included in the appropriate county's master water and sewerage plan.B. The applicant shall also submit:. 1) A statement from the area public works or sanitary authority as to its jurisdiction, its construction requirements as they
20.73.02.07.htm 20.73.02.07. 07 Rates and Revenues.. A. The applicant shall submit a schedule or schedules of the proposed rates and charges under which service is to be furnished.B. The schedule or schedules required to be submitted by §A of this regulation shall include any connection fees and any availability or demand charges proposed to be collected from users of the system.C. The applicant shall file:. 1) A detailed pro forma statement of anticipated revenues and expenses based on a full calendar year
20.73.02.08.htm 20.73.02.08. 08 Establishment of Rates.. A. In establishing rates, depreciation expense will be permitted only against investor-supplied plant, as determined by the Commission.B. Rebuttable Presumption of Contributed Plant.. 1) An applicant under Public Utilities Article, §5-204, Annotated Code of Maryland, shall be rebuttably presumed to consist of entirely contributed plant for which the total cost and investment either has been or will be recovered.2) Proof of actual invest
20.73.02.09.htm 20.73.02.09. 09 Prior Commission Approval of Borrowings.. Any long-term borrowing, payable in whole or in part more than 12 months after date of issuance, by a water or sewage disposal company regulated by the Commission shall be void and of no force and effect unless made with the prior approval of, or until approved by, the Commission.
20.73.02.10.htm 20.73.02.10. 10 Records and Record Keeping.. A. If authorization is granted by the Commission, the applicant shall keep accurate records of the actual costs of the water system, the sewerage system, or both, and shall keep an accurate account of the revenues received and expenses incurred in connection with the operation of the system.B. The records shall be kept in accordance with the "Uniform System of Accounts for Water Utilities" or the "Uniform System of Accounts for Sewerage U
20.73.02.9999.htm 20.73.02.9999. Administrative History Effective date: October 11, 1982 (9:20 Md. R. 1982).
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