Delaware General Assembly

CHAPTER 104

FORMERLY

SENATE BILL NO. 305

AN ACT TO AUTHORIZE FUNDS FOR THE PUBLIC SERVICE COMMISSION FOR ITS REGULATORY OPERATIONS.

WHEREAS, the Public Service Commission has been operating from a general fund appropriation during the fiscal year ending June 30, 1975; and

WHEREAS, the Public Utilities Act of 1974, enacted on June 28, 1974, provides for the funding of the operations of the Public Service Commission from a Regulatory Revolving Fund derived from a 2 (.002) mills annual assessment of utility operating revenues to be paid into the fund on or before April 1st of each year; and

WHEREAS, said assessments have been deposited in the fund; and

WHEREAS, the unexpended general fund balances as of March 31, 1975, have been reverted to the General Fund; and

WHEREAS, the Public Service Commission requires additional authorization of funds for use in the current fiscal year.

NOW, THEREFORE:

Be it enacted by the General Assembly of the State of Delaware:

Section 1. There is hereby authorized to be expended from the Public Service Commission Regulatory Revolving Fund the sum of $78,432 for its operations to June 30, 1975, in accordance with the provisions of §116, Chapter 1, Title 26, Delaware Code.

$78,432.00".

Section 3. Any unexpended or unencumbered funds on June 30, 1975, shall remain in the Public Service Regulatory Revolving Fund and become available for expenditure authorizations in succeeding years.

Approved June 19, 1975.