Md. Code, State Gov't § 9-20B-12

Current with changes from the 2024 Legislative Session

Section 9-20B-12 - Annual reports

(a) On or before January 1 of each year, the Administration shall report to the Governor, to the Board, and, in accordance with § 2-1257 of this article, to the General Assembly and the members of the Senate Finance Committee and the House Economic Matters Committee on the uses and expenditures of the Fund from the prior fiscal year.

(b) The report shall include:

(1) a detailed accounting of all amounts received by and disbursed from the Fund, including the amount and recipient of each grant awarded by the Administration, and identifying multiple grants awarded to the same person or the same address;

(2) all amounts used by the Administration for administrative purposes, including the funding source from which each amount was obtained;

(3) programs, projects, and activities included in each category under § 9-20B-05(g) of this subtitle;

(4) the status of programs, projects, activities, and investments implemented with funds from the Fund, including an evaluation of the impact of the programs, projects, activities, and investments that are directed to low-income or moderate-income residential sectors or to other particular classes of ratepayers;

(5) an estimate of electricity savings from the programs, projects, activities, and investments;

(6) the number of allowances sold in each auction;

(7) the average allowance price from each auction;

(8) an estimate of revenue from future auctions;

(9) an accounting of all amounts received or disbursed by the Fund from all other sources, including money received in accordance with orders issued and settlement agreements approved by the Public Service Commission;

(10) recommendations for changes to the allocation of funds under § 9-20B-05(g) of this subtitle;

(11) the status of programs and expenditures in the current fiscal year; and

(12) possible or expected program initiatives and changes in later years.

Md. Code, SG § 9-20B-12

Amended by 2019 Md. Laws, Ch. 133,Sec. 1, eff. 10/1/2019.

Amended by 2016 Md. Laws, Ch. 507,Sec. 1, eff. 7/1/2016.

Amended by 2015 Md. Laws, Ch. 172,Sec. 1, eff. 10/1/2015.