Sec. 3.
For the fiscal year commencing July 1, 1973 and annually thereafter, there shall be deducted from any amount to be assessed under section 2 an amount equal to the difference by which the actual expenditures for the previous fiscal year attributable to the regulation of public utilities are less than the amounts appropriated for those purposes. Such deductions shall be made in the same proportion as the original assessments in section 2 of the act.
History: 1972, Act 299, Imd. Eff. Dec. 19, 1972
Structure Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 299 of 1972 - Costs of Regulating Public Utilities (460.111 - 460.120)
Section 460.111 - Definitions.
Section 460.112 - Assessments Against Public Utilities; Amount; Apportionment.
Section 460.113 - Deductions From Assessments.
Section 460.114 - Repealed. 1978, Act 272, Imd. Eff. June 29, 1978.
Section 460.115 - Disposition of Moneys Paid by Public Utilities.
Section 460.115a - Administration of Uniform Video Services Local Franchise Act; Use of Assessments.
Section 460.118 - Exemption of Certain Public Utilities.