Old | New | Differences | |
---|---|---|---|
1 | - | WES MOORE, Governor Ch. 411 | |
2 | 1 | ||
3 | - | – 1 – | |
4 | - | Chapter 411 | |
5 | - | (Senate Bill 474) | |
6 | 2 | ||
7 | - | AN ACT concerning | |
3 | + | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. | |
4 | + | [Brackets] indicate matter deleted from existing law. | |
5 | + | Underlining indicates amendments to bill. | |
6 | + | Strike out indicates matter stricken from the bill by amendment or deleted from the law by | |
7 | + | amendment. | |
8 | + | Italics indicate opposite chamber/conference committee amendments. | |
9 | + | *sb0474* | |
8 | 10 | ||
9 | - | Certificate of Public Convenience and Necessity and Related Approvals – | |
10 | - | Definition of Generating Station | |
11 | - | (Critical Infrastructure Streamlining Act of 2024) | |
11 | + | SENATE BILL 474 | |
12 | + | C5 (4lr4580) | |
13 | + | ENROLLED BILL | |
14 | + | — Education, Energy, and the Environment/Economic Matters — | |
15 | + | Introduced by The President (By Request – Administration) and Senators | |
16 | + | Augustine, Bailey, Beidle, Brooks, Carozza, Charles, Corderman, Ferguson, | |
17 | + | Folden, Gallion, Hershey, Hettleman, Lam, McKay, Ready, Rosapepe, | |
18 | + | Waldstreicher, and West | |
12 | 19 | ||
13 | - | FOR the purpose of altering and establishing the definition of “generating station” for the | |
14 | - | purpose of exempting the construction of certain generating facilities used to produce | |
15 | - | electricity for the purpose of onsite emergency backup and certain test and | |
16 | - | maintenance operations from the requirement to obtain a certificate of public | |
17 | - | convenience and necessity or certain other related approvals under certain | |
18 | - | circumstances; altering the distribution of income tax revenue from corporations that | |
19 | - | is attributable to certain data centers; and generally relating to generating stations. | |
20 | + | Read and Examined by Proofreaders: | |
20 | 21 | ||
21 | - | BY repealing and reenacting, without amendments, | |
22 | - | Article – Public Utilities | |
23 | - | Section 1–101(a) and 7–207(a)(1) | |
24 | - | Annotated Code of Maryland | |
25 | - | (2020 Replacement Volume and 2023 Supplement) | |
22 | + | _______________________________________________ | |
23 | + | Proofreader. | |
24 | + | _______________________________________________ | |
25 | + | Proofreader. | |
26 | 26 | ||
27 | - | BY adding to | |
28 | - | Article – Public Utilities | |
29 | - | Section 1–101(h–1) and 7–207.3 | |
30 | - | Annotated Code of Maryland | |
31 | - | (2020 Replacement Volume and 2023 Supplement) | |
27 | + | Sealed with the Great Seal and presented to the Governor, for his approval this | |
32 | 28 | ||
33 | - | BY repealing and reenacting, with amendments, | |
34 | - | Article – Public Utilities | |
35 | - | Section 1–101(h–1), 7–207(a)(4), 7–207.1(a), 7–207.2(a), and 7–208(a) | |
36 | - | Annotated Code of Maryland | |
37 | - | (2020 Replacement Volume and 2023 Supplement) | |
29 | + | _______ day of _______________ at ________________________ o’clock, ________M. | |
38 | 30 | ||
39 | - | BY repealing and reenacting, without amendments, | |
40 | - | Article – State Government | |
41 | - | Section 9–20B–05(a) | |
42 | - | Annotated Code of Maryland | |
43 | - | (2021 Replacement Volume and 2023 Supplement) | |
31 | + | ______________________________________________ | |
32 | + | President. | |
44 | 33 | ||
45 | - | BY repealing and reenacting, with amendments, | |
46 | - | Article – State Government | |
47 | - | Section 9–20B–05(e) | |
48 | - | Annotated Code of Maryland | |
49 | - | (2021 Replacement Volume and 2023 Supplement) Ch. 411 2024 LAWS OF MARYLAND | |
34 | + | CHAPTER ______ | |
50 | 35 | ||
51 | - | ||
36 | + | AN ACT concerning 1 | |
52 | 37 | ||
53 | - | BY adding to | |
54 | - | Article – Tax – General | |
55 | - | Section 2–614.1 | |
56 | - | Annotated Code of Maryland | |
57 | - | (2022 Replacement Volume and 2023 Supplement) | |
38 | + | Certificate of Public Convenience and Necessity and Related Approvals – 2 | |
39 | + | Definition of Generating Station 3 | |
40 | + | (Critical Infrastructure Streamlining Act of 2024) 4 | |
58 | 41 | ||
59 | - | BY repealing and reenacting, with amendments, | |
60 | - | Article – Tax – General | |
61 | - | Section 2–615 | |
62 | - | Annotated Code of Maryland | |
63 | - | (2022 Replacement Volume and 2023 Supplement) | |
42 | + | FOR the purpose of altering and establishing the definition of “generating station” for the 5 | |
43 | + | purpose of exempting the construction of certain generating facilities used to produce 6 | |
44 | + | electricity for the purpose of onsite emergency backup and certain test and 7 | |
45 | + | maintenance operations from the requirement to obtain a certificate of public 8 | |
46 | + | convenience and necessity or certain other related approvals under certain 9 | |
47 | + | circumstances; altering the distribution of income tax revenue from corporations that 10 | |
48 | + | is attributable to certain data centers; and generally relating to generating stations. 11 | |
49 | + | 2 SENATE BILL 474 | |
64 | 50 | ||
65 | - | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, | |
66 | - | That the Laws of Maryland read as follows: | |
67 | 51 | ||
68 | - | Article – Public Utilities | |
52 | + | BY repealing and reenacting, without amendments, 1 | |
53 | + | Article – Public Utilities 2 | |
54 | + | Section 1–101(a) and 7–207(a)(1) 3 | |
55 | + | Annotated Code of Maryland 4 | |
56 | + | (2020 Replacement Volume and 2023 Supplement) 5 | |
69 | 57 | ||
70 | - | 1–101. | |
58 | + | BY adding to 6 | |
59 | + | Article – Public Utilities 7 | |
60 | + | Section 1–101(h–1) and 7–207.3 8 | |
61 | + | Annotated Code of Maryland 9 | |
62 | + | (2020 Replacement Volume and 2023 Supplement) 10 | |
71 | 63 | ||
72 | - | (a) In this division the following words have the meanings indicated. | |
64 | + | BY repealing and reenacting, with amendments, 11 | |
65 | + | Article – Public Utilities 12 | |
66 | + | Section 1–101(h–1), 7–207(a)(4), 7–207.1(a), 7–207.2(a), and 7–208(a) 13 | |
67 | + | Annotated Code of Maryland 14 | |
68 | + | (2020 Replacement Volume and 2023 Supplement) 15 | |
73 | 69 | ||
74 | - | ||
75 | - | ||
76 | - | ||
77 | - | ||
78 | - | ||
70 | + | BY repealing and reenacting, without amendments, 16 | |
71 | + | Article – State Government 17 | |
72 | + | Section 9–20B–05(a) 18 | |
73 | + | Annotated Code of Maryland 19 | |
74 | + | (2021 Replacement Volume and 2023 Supplement) 20 | |
79 | 75 | ||
80 | - | (I) SECURITY; | |
76 | + | BY repealing and reenacting, with amendments, 21 | |
77 | + | Article – State Government 22 | |
78 | + | Section 9–20B–05(e) 23 | |
79 | + | Annotated Code of Maryland 24 | |
80 | + | (2021 Replacement Volume and 2023 Supplement) 25 | |
81 | 81 | ||
82 | - | (II) NATIONAL ECONOMIC SE CURITY; | |
82 | + | BY adding to 26 | |
83 | + | Article – Tax – General 27 | |
84 | + | Section 2–614.1 28 | |
85 | + | Annotated Code of Maryland 29 | |
86 | + | (2022 Replacement Volume and 2023 Supplement) 30 | |
83 | 87 | ||
84 | - | (III) NATIONAL PUBLIC HEAL TH; OR | |
88 | + | BY repealing and reenacting, with amendments, 31 | |
89 | + | Article – Tax – General 32 | |
90 | + | Section 2–615 33 | |
91 | + | Annotated Code of Maryland 34 | |
92 | + | (2022 Replacement Volume and 2023 Supplement) 35 | |
85 | 93 | ||
86 | - | (IV) SAFETY. | |
94 | + | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 36 | |
95 | + | That the Laws of Maryland read as follows: 37 | |
87 | 96 | ||
88 | - | (2) “CRITICAL INFRASTRUCTU RE” INCLUDES: | |
97 | + | Article – Public Utilities 38 | |
98 | + | SENATE BILL 474 3 | |
89 | 99 | ||
90 | - | (I) A HOSPITAL OR HEALTH CARE FACILITY; AND | |
91 | 100 | ||
92 | - | (II) A DATA CENTER AS DEF INED IN § 11–239 OF THE TAX – | |
93 | - | GENERAL ARTICLE. | |
101 | + | 1–101. 1 | |
94 | 102 | ||
95 | - | [(h–1)] (H–2) “Cybersecurity” has the meaning stated in § 3.5–301 of the State | |
96 | - | Finance and Procurement Article. WES MOORE, Governor Ch. 411 | |
103 | + | (a) In this division the following words have the meanings indicated. 2 | |
97 | 104 | ||
98 | - | – 3 – | |
105 | + | (H–1) (1) “CRITICAL INFRASTRUCTU RE” MEANS ASSETS, SYSTEMS, AND 3 | |
106 | + | NETWORKS, WHETHER PHYSICAL OR VIRTUAL, CONSIDERED BY THE U.S. 4 | |
107 | + | DEPARTMENT OF HOMELAND SECURITY TO BE SO VIT AL TO THE UNITED STATES 5 | |
108 | + | THAT THEIR INCAPACIT ATION OR DESTRUCTION WOULD HAVE A DEBILIT ATING 6 | |
109 | + | EFFECT ON ONE OR MOR E OF THE FOLLOWI NG: 7 | |
99 | 110 | ||
100 | - | ||
111 | + | (I) SECURITY; 8 | |
101 | 112 | ||
102 | - | ( | |
113 | + | (II) NATIONAL ECONOMIC SE CURITY; 9 | |
103 | 114 | ||
104 | - | ( | |
115 | + | (III) NATIONAL PUBLIC HEAL TH; OR 10 | |
105 | 116 | ||
106 | - | ( | |
117 | + | (IV) SAFETY. 11 | |
107 | 118 | ||
108 | - | | |
119 | + | (2) “CRITICAL INFRASTRUCTU RE” INCLUDES: 12 | |
109 | 120 | ||
110 | - | 2. has the capacity to produce not more than 2 megawatts of | |
111 | - | alternating current; and | |
121 | + | (I) A HOSPITAL OR HEALTH CARE FACILITY; AND 13 | |
112 | 122 | ||
113 | - | 3. is installed with equipment that prevents the flow of | |
114 | - | electricity to the electric grid during time periods when the electric grid is out of service; | |
115 | - | [or] | |
123 | + | (II) A DATA CENTER AS DEF INED IN § 11–239 OF THE TAX – 14 | |
124 | + | GENERAL ARTICLE. 15 | |
116 | 125 | ||
117 | - | (ii) a combination of two or more generating units or facilities that: | |
126 | + | [(h–1)] (H–2) “Cybersecurity” has the meaning stated in § 3.5–301 of the State 16 | |
127 | + | Finance and Procurement Article. 17 | |
118 | 128 | ||
119 | - | 1. are used for the production of electricity from a solar | |
120 | - | photovoltaic system or an eligible customer–generator that is subject to the provisions of § | |
121 | - | 7–306 of this title; | |
129 | + | 7–207. 18 | |
122 | 130 | ||
123 | - | | |
131 | + | (a) (1) In this section the following words have the meanings indicated. 19 | |
124 | 132 | ||
125 | - | 3. have the capacity to produce, wh en calculated | |
126 | - | cumulatively for all generating units or facilities on the property or adjacent property, more | |
127 | - | than 2 megawatts but not more than 14 megawatts of alternating current; and | |
133 | + | (4) “Generating station” does not include: 20 | |
128 | 134 | ||
129 | - | | |
135 | + | (i) a generating unit or facility that: 21 | |
130 | 136 | ||
131 | - | A. has the capacity to produce not more than 2 megawatts of | |
132 | - | alternating current; | |
137 | + | 1. is used for the production of electricity; 22 | |
133 | 138 | ||
134 | - | B. is separately metered by the electric company; and | |
139 | + | 2. has the capacity to produce not more than 2 megawatts of 23 | |
140 | + | alternating current; and 24 | |
135 | 141 | ||
136 | - | C. does not export electricity for sale on the wholesale market | |
137 | - | under an agreement with PJM Interconnection, LLC; | |
142 | + | 3. is installed with equipment that prevents the flow of 25 | |
143 | + | electricity to the electric grid during time periods when the electric grid is out of service; 26 | |
144 | + | [or] 27 | |
145 | + | 4 SENATE BILL 474 | |
138 | 146 | ||
139 | - | (III) A GENERATING UNIT OR FACILITY THAT: | |
140 | 147 | ||
141 | - | 1. IS USED FOR THE PROD UCTION OF ELECTRICIT Y FOR | |
142 | - | THE PURPOSE OF : | |
143 | - | Ch. 411 2024 LAWS OF MARYLAND | |
148 | + | (ii) a combination of two or more generating units or facilities that: 1 | |
144 | 149 | ||
145 | - | – 4 – | |
146 | - | A. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN | |
147 | - | SERVICE FROM THE ELE CTRIC COMPANY IS INT ERRUPTED DUE TO ELECTRIC | |
148 | - | DISTRIBUTION OR TRAN SMISSION SYSTEM FAILURE OR WH EN THERE IS EQUIPMEN T | |
149 | - | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; AND | |
150 | + | 1. are used for the production of electricity from a solar 2 | |
151 | + | photovoltaic system or an eligible customer–generator that is subject to the provisions of § 3 | |
152 | + | 7–306 of this title; 4 | |
150 | 153 | ||
151 | - | B. TEST AND MAINTENANCE OPERATIONS NECESSARY | |
152 | - | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT | |
153 | - | OF A SERVICE INTERRU PTION FROM THE ELECTRIC COMP ANY DUE TO ELECTRIC | |
154 | - | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT | |
155 | - | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; | |
154 | + | 2. are located on the same property or adjacent properties; 5 | |
156 | 155 | ||
157 | - | 2. IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE | |
158 | - | FLOW OF ELECTRICITY TO THE ELECTRIC GRID ; AND | |
156 | + | 3. have the capacity to produce, wh en calculated 6 | |
157 | + | cumulatively for all generating units or facilities on the property or adjacent property, more 7 | |
158 | + | than 2 megawatts but not more than 14 megawatts of alternating current; and 8 | |
159 | 159 | ||
160 | - | 3. IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY | |
161 | - | THE DEPARTMENT OF THE ENVIRONMENT ; OR AND | |
160 | + | 4. for each individual generating unit or facility: 9 | |
162 | 161 | ||
163 | - | 4. IS INSTALLED AT A FA CILITY THAT IS PART OF | |
164 | - | CRITICAL INFRASTRUCTURE IF TH E FACILITY COMPLIES WITH ALL APPLICABLE | |
165 | - | REGULATIONS REGARDIN G NOISE LEVEL AND TE STING HOURS; OR | |
162 | + | A. has the capacity to produce not more than 2 megawatts of 10 | |
163 | + | alternating current; 11 | |
166 | 164 | ||
167 | - | (IV) A COMBINATION OF TWO OR MORE GENERATING U NITS OR | |
168 | - | FACILITIES THAT SATI SFY ITEM (III) OF THIS PARAGRAPH . | |
165 | + | B. is separately metered by the electric company; and 12 | |
169 | 166 | ||
170 | - | 7–207.1. | |
167 | + | C. does not export electricity for sale on the wholesale market 13 | |
168 | + | under an agreement with PJM Interconnection, LLC; 14 | |
171 | 169 | ||
172 | - | ( | |
170 | + | (III) A GENERATING UNIT OR FACILITY THAT: 15 | |
173 | 171 | ||
174 | - | (1) a generating unit or facility that: | |
172 | + | 1. IS USED FOR THE PROD UCTION OF ELECTRICIT Y FOR 16 | |
173 | + | THE PURPOSE OF : 17 | |
175 | 174 | ||
176 | - | (i) is used for the production of electricity; | |
175 | + | A. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN 18 | |
176 | + | SERVICE FROM THE ELE CTRIC COMPANY IS INT ERRUPTED DUE TO ELECTRIC 19 | |
177 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAILURE OR WHEN THERE IS EQUIPM ENT 20 | |
178 | + | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; AND 21 | |
177 | 179 | ||
178 | - | (ii) has the capacity to produce not more than 2 megawatts of | |
179 | - | alternating current; and | |
180 | + | B. TEST AND MAINTENANCE OPERATIONS NECESSARY 22 | |
181 | + | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT 23 | |
182 | + | OF A SERVICE INTERRU PTION FROM THE ELECTRIC CO MPANY DUE TO ELECTRIC 24 | |
183 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT 25 | |
184 | + | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; 26 | |
180 | 185 | ||
181 | - | | |
182 | - | to the electric grid | |
186 | + | 2. IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE 27 | |
187 | + | FLOW OF ELECTRICITY TO THE ELECTRIC GRID; AND 28 | |
183 | 188 | ||
184 | - | (2) a combination of two or more generating units or facilities that: | |
189 | + | 3. IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY 29 | |
190 | + | THE DEPARTMENT OF THE ENVIRONMENT ; OR AND 30 | |
191 | + | SENATE BILL 474 5 | |
185 | 192 | ||
186 | - | (i) are used for the production of electricity from a solar photovoltaic | |
187 | - | system or an eligible customer–generator that is subject to the provisions of § 7–306 of this | |
188 | - | title; | |
189 | - | WES MOORE, Governor Ch. 411 | |
190 | 193 | ||
191 | - | – 5 – | |
192 | - | (ii) are located on the same property or adjacent properties; | |
194 | + | 4. IS INSTALLED AT A FA CILITY THAT IS PART OF 1 | |
195 | + | CRITICAL INFRASTRUCT URE IF THE FACILITY COMPLIES WITH ALL AP PLICABLE 2 | |
196 | + | REGULATIONS REGARDIN G NOISE LEVEL AND TEST ING HOURS; OR 3 | |
193 | 197 | ||
194 | - | (iii) have the capacity to produce, when calculated cumulatively for | |
195 | - | all generating units or facilities on the property or adjacent property, more than 2 | |
196 | - | megawatts but not more than 14 megawatts of alternating current; and | |
198 | + | (IV) A COMBINATION OF TWO OR MORE GENERATING U NITS OR 4 | |
199 | + | FACILITIES THAT SATI SFY ITEM (III) OF THIS PARAGRAPH . 5 | |
197 | 200 | ||
198 | - | ||
201 | + | 7–207.1. 6 | |
199 | 202 | ||
200 | - | 1. has the capacity to produce not more than 2 megawatts of | |
201 | - | alternating current; | |
203 | + | (a) In this section, “generating station” does not include: 7 | |
202 | 204 | ||
203 | - | | |
205 | + | (1) a generating unit or facility that: 8 | |
204 | 206 | ||
205 | - | 3. does not export electricity for sale on the wholesale market | |
206 | - | under an agreement with PJM Interconnection, LLC; | |
207 | + | (i) is used for the production of electricity; 9 | |
207 | 208 | ||
208 | - | (3) A GENERATING UNIT OR FACILITY THA T: | |
209 | + | (ii) has the capacity to produce not more than 2 megawatts of 10 | |
210 | + | alternating current; and 11 | |
209 | 211 | ||
210 | - | ( | |
211 | - | ||
212 | + | (iii) is installed with equipment that prevents the flow of electricity 12 | |
213 | + | to the electric grid during time periods when the electric grid is out of service; [or] 13 | |
212 | 214 | ||
213 | - | 1. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN | |
214 | - | SERVICE FROM THE ELE CTRIC COMPANY IS INT ERRUPTED DUE TO ELECTRIC | |
215 | - | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPM ENT | |
216 | - | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; AND | |
215 | + | (2) a combination of two or more generating units or facilities that: 14 | |
217 | 216 | ||
218 | - | 2. TEST AND MAINTENANCE OPERATIONS NECESSARY | |
219 | - | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT | |
220 | - | OF A SERVICE INTERRU PTION FROM THE ELECT RIC COMPANY DUE TO ELECTRIC | |
221 | - | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT | |
222 | - | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; | |
217 | + | (i) are used for the production of electricity from a solar photovoltaic 15 | |
218 | + | system or an eligible customer–generator that is subject to the provisions of § 7–306 of this 16 | |
219 | + | title; 17 | |
223 | 220 | ||
224 | - | (II) IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE FLOW | |
225 | - | OF ELECTRICITY TO TH E ELECTRIC GRID ; AND | |
221 | + | (ii) are located on the same property or adjacent properties; 18 | |
226 | 222 | ||
227 | - | (III) IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY THE | |
228 | - | DEPARTMENT OF THE ENVIRONMENT ; OR AND | |
223 | + | (iii) have the capacity to produce, when calculated cumulatively for 19 | |
224 | + | all generating units or facilities on the property or adjacent property, more than 2 20 | |
225 | + | megawatts but not more than 14 megawatts of alternating current; and 21 | |
229 | 226 | ||
230 | - | (IV) IS INSTALLED AT A FA CILITY THAT IS PART OF CRITICAL | |
231 | - | INFRASTRUCTURE IF TH E FACILITY COMPLIES WITH ALL APPLICABLE | |
232 | - | REGULATIONS REGARDIN G NOISE LEVEL AND TESTING HOURS ; OR | |
227 | + | (iv) for each individual generating unit or facility: 22 | |
233 | 228 | ||
234 | - | (4) A COMBINATION OF TWO OR MORE GENERATING U NITS OR | |
235 | - | FACILITIES THAT SATI SFY ITEM (3) OF THIS SUBSECTION . | |
236 | - | Ch. 411 2024 LAWS OF MARYLAND | |
229 | + | 1. has the capacity to produce not more than 2 megawatts of 23 | |
230 | + | alternating current; 24 | |
237 | 231 | ||
238 | - | – 6 – | |
239 | - | 7–207.2. | |
232 | + | 2. is separately metered by the electric company; and 25 | |
240 | 233 | ||
241 | - | (a) In this section, “generating station” does not include: | |
234 | + | 3. does not export electricity for sale on the wholesale market 26 | |
235 | + | under an agreement with PJM Interconnection, LLC; 27 | |
242 | 236 | ||
243 | - | (1) a generating unit or facility that: | |
237 | + | (3) A GENERATING UNIT OR FACILITY THAT: 28 | |
238 | + | 6 SENATE BILL 474 | |
244 | 239 | ||
245 | - | (i) is used for the production of electricity; | |
246 | 240 | ||
247 | - | ( | |
248 | - | ||
241 | + | (I) IS USED FOR THE PROD UCTION OF ELECTRICIT Y FOR THE 1 | |
242 | + | PURPOSE OF: 2 | |
249 | 243 | ||
250 | - | (iii) is installed with equipment that prevents the flow of electricity | |
251 | - | to the electric grid during time periods when the electric grid is out of service; [or] | |
244 | + | 1. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN 3 | |
245 | + | SERVICE FROM THE ELE CTRIC COMPANY IS INT ERRUPTED DUE TO ELECTRIC 4 | |
246 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT 5 | |
247 | + | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCAT ED; AND 6 | |
252 | 248 | ||
253 | - | (2) a combination of two or more generating units or facilities that: | |
249 | + | 2. TEST AND MAINTENANCE OPERATIONS NECESSARY 7 | |
250 | + | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT 8 | |
251 | + | OF A SERVICE INTERRU PTION FROM THE ELECT RIC COMPANY DUE TO ELECTRIC 9 | |
252 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT 10 | |
253 | + | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; 11 | |
254 | 254 | ||
255 | - | (i) are used for the production of electricity from a solar photovoltaic | |
256 | - | system or an eligible customer–generator that is subject to the provisions of § 7–306 of this | |
257 | - | title; | |
255 | + | (II) IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE FLOW 12 | |
256 | + | OF ELECTRICITY TO TH E ELECTRIC GRID ; AND 13 | |
258 | 257 | ||
259 | - | (ii) are located on the same property or adjacent properties; | |
258 | + | (III) IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY THE 14 | |
259 | + | DEPARTMENT OF THE ENVIRONMENT; OR AND 15 | |
260 | 260 | ||
261 | - | ( | |
262 | - | all | |
263 | - | ||
261 | + | (IV) IS INSTALLED AT A FA CILITY THAT IS PART OF CRITICAL 16 | |
262 | + | INFRASTRUCTURE IF TH E FACILITY COMPLIES WITH ALL APPLICABLE 17 | |
263 | + | REGULATIONS REGARDIN G NOISE LEVEL AND TE STING HOURS; OR 18 | |
264 | 264 | ||
265 | - | (iv) for each individual generating unit or facility: | |
265 | + | (4) A COMBINATION OF TWO OR MORE GENERATING U NITS OR 19 | |
266 | + | FACILITIES THAT SATI SFY ITEM (3) OF THIS SUBSECTION . 20 | |
266 | 267 | ||
267 | - | 1. has the capacity to produce not more than 2 megawatts of | |
268 | - | alternating current; | |
268 | + | 7–207.2. 21 | |
269 | 269 | ||
270 | - | | |
270 | + | (a) In this section, “generating station” does not include: 22 | |
271 | 271 | ||
272 | - | 3. does not export electricity for sale on the wholesale market | |
273 | - | under an agreement with PJM Interconnection, LLC; | |
272 | + | (1) a generating unit or facility that: 23 | |
274 | 273 | ||
275 | - | ( | |
274 | + | (i) is used for the production of electricity; 24 | |
276 | 275 | ||
277 | - | ( | |
278 | - | ||
276 | + | (ii) has the capacity to produce not more than 2 megawatts of 25 | |
277 | + | alternating current; and 26 | |
279 | 278 | ||
280 | - | 1. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN | |
281 | - | SERVICE FROM THE ELE CTRIC COMPANY IS INT ERRUPTED DUE TO ELECTRIC | |
282 | - | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT | |
283 | - | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; AND WES MOORE, Governor Ch. 411 | |
279 | + | (iii) is installed with equipment that prevents the flow of electricity 27 | |
280 | + | to the electric grid during time periods when the electric grid is out of service; [or] 28 | |
284 | 281 | ||
285 | - | – 7 – | |
282 | + | (2) a combination of two or more generating units or facilities that: 29 | |
283 | + | SENATE BILL 474 7 | |
286 | 284 | ||
287 | - | 2. TEST AND MAINTENANCE OPERATIONS NECESSARY | |
288 | - | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT | |
289 | - | OF A SERVICE INTERRU PTION FROM THE ELECT RIC COMPANY DUE TO ELECTRIC | |
290 | - | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT | |
291 | - | FAILURE AT A SITE WHERE CRITICAL INFRASTRUCT URE IS LOCATED; | |
292 | 285 | ||
293 | - | (II) IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE FLOW | |
294 | - | OF ELECTRICITY TO TH E ELECTRIC GRID ; AND | |
286 | + | (i) are used for the production of electricity from a solar photovoltaic 1 | |
287 | + | system or an eligible customer–generator that is subject to the provisions of § 7–306 of this 2 | |
288 | + | title; 3 | |
295 | 289 | ||
296 | - | (III) IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY THE | |
297 | - | DEPARTMENT OF THE ENVIRONMENT ; OR AND | |
290 | + | (ii) are located on the same property or adjacent properties; 4 | |
298 | 291 | ||
299 | - | ( | |
300 | - | ||
301 | - | ||
292 | + | (iii) have the capacity to produce, when calculated cumulatively for 5 | |
293 | + | all generating units or facilities on the property or adjacent property, more than 2 6 | |
294 | + | megawatts but not more than 14 megawatts of alternating current; and 7 | |
302 | 295 | ||
303 | - | (4) A COMBINATION OF TWO OR MORE GENERATING U NITS OR | |
304 | - | FACILITIES THAT SATI SFY ITEM (3) OF THIS SUBSECTION . | |
296 | + | (iv) for each individual generating unit or facility: 8 | |
305 | 297 | ||
306 | - | 7–207.3. | |
298 | + | 1. has the capacity to produce not more than 2 megawatts of 9 | |
299 | + | alternating current; 10 | |
307 | 300 | ||
308 | - | (A) (1) ON OR BEFORE DECEMBER 1, 2025, AND EACH DECEMBER 1 | |
309 | - | THEREAFTER , THE OWNER OR OPERATO R OF A GENERATING UN IT OR FACILITY | |
310 | - | SPECIFIED UNDER § 7–207(A)(4)(III) OF THIS SUBTITLE SHA LL SUBMIT TO THE | |
311 | - | DEPARTMENT OF THE ENVIRONMENT A REPORT THAT INCLUDES : | |
301 | + | 2. is separately metered by the electric company; and 11 | |
312 | 302 | ||
313 | - | | |
314 | - | ||
303 | + | 3. does not export electricity for sale on the wholesale market 12 | |
304 | + | under an agreement with PJM Interconnection, LLC; 13 | |
315 | 305 | ||
316 | - | (II) THE LENGTH OF TIME T HE GENERATING UNIT O R FACILITY | |
317 | - | WAS OPERATED FOR THE PREVIOUS 12 MONTHS; AND | |
306 | + | (3) A GENERATING UNIT OR FACILITY THAT: 14 | |
318 | 307 | ||
319 | - | (III) FOR EACH INSTANCE THAT THE GE NERATING UNIT OR | |
320 | - | FACILITY WAS OPERATE D OVER THE PREVIOUS 12 MONTHS, THE REASON THE | |
321 | - | GENERATING UNIT OR F ACILITY WAS OPERATED . | |
308 | + | (I) IS USED FOR THE PROD UCTION OF ELECTRICIT Y FOR THE 15 | |
309 | + | PURPOSE OF: 16 | |
322 | 310 | ||
323 | - | | |
324 | - | ||
325 | - | ||
326 | - | ||
311 | + | 1. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN 17 | |
312 | + | SERVICE FROM THE ELE CTRIC COMPA NY IS INTERRUPTED DUE TO ELECTRIC 18 | |
313 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT 19 | |
314 | + | FAILURE AT A SITE WH ERE CRITICAL INFRAST RUCTURE IS LOCATED ; AND 20 | |
327 | 315 | ||
328 | - | (I) SHALL BE MADE PUBLIC LY AVAILABLE; AND | |
329 | - | Ch. 411 2024 LAWS OF MARYLAND | |
316 | + | 2. TEST AND MAINTENANCE OPERATIONS NECESSARY 21 | |
317 | + | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT 22 | |
318 | + | OF A SERVICE INTERRU PTION FROM THE ELECT RIC COMPANY DUE TO ELECTRIC 23 | |
319 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT 24 | |
320 | + | FAILURE AT A SITE WHERE CRITICAL INFRASTRUCT URE IS LOCATED; 25 | |
330 | 321 | ||
331 | - | ||
332 | - | ||
322 | + | (II) IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE FLOW 26 | |
323 | + | OF ELECTRICITY TO TH E ELECTRIC GRID ; AND 27 | |
333 | 324 | ||
334 | - | (B) ON OR BEFORE DECEMBER 1, 2025, AND EVERY 2 YEARS THEREAFTER , | |
335 | - | THE MARYLAND ENERGY ADMINISTRATION , IN CONSULTATION WITH THE | |
336 | - | DEPARTMENT OF COMMERCE AND INDUSTRY REPRESENTATIVES SELE CTED BY THE | |
337 | - | DEPARTMENT OF COMMERCE, SHALL, IN ACCORDANCE WITH § 2–1257 OF THE | |
338 | - | STATE GOVERNMENT ARTICLE, SUBMIT A REPORT TO T HE GENERAL ASSEMBLY | |
339 | - | DETAILING: | |
325 | + | (III) IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY THE 28 | |
326 | + | DEPARTMENT OF THE ENVIRONMENT ; OR AND 29 | |
340 | 327 | ||
341 | - | (1) ADVANCEMENTS IN BACK UP GENERATION TECHNO LOGIES; | |
328 | + | (IV) IS INSTALLED AT A FA CILITY THAT IS PART OF CRITICAL 30 | |
329 | + | INFRASTRUCTURE IF TH E FACILITY COMPLIES WITH ALL APPLICABLE 31 | |
330 | + | REGULATIONS REGARDIN G NOISE LEVEL AND TE STING HOURS; OR 32 8 SENATE BILL 474 | |
342 | 331 | ||
343 | - | (2) THE COMMERCIAL AVAIL ABILITY OF NEW BACKU P GENERATION | |
344 | - | TECHNOLOGIES THAT CA N BE PROCURED ; AND | |
345 | 332 | ||
346 | - | (3) THE AFFORDABILITY OF ADOPTING NEW BACKUP GENERATION | |
347 | - | TECHNOLOGIES . | |
348 | 333 | ||
349 | - | 7–208. | |
334 | + | (4) A COMBINATION OF TWO OR MORE GENERATING U NITS OR 1 | |
335 | + | FACILITIES THAT SATISFY ITEM (3) OF THIS SUBSECTION . 2 | |
350 | 336 | ||
351 | - | ||
337 | + | 7–207.3. 3 | |
352 | 338 | ||
353 | - | (2) “Construction” has the meaning stated in § 7–207 of this subtitle. | |
339 | + | (A) (1) ON OR BEFORE DECEMBER 1, 2025, AND EACH DECEMBER 1 4 | |
340 | + | THEREAFTER , THE OWNER OR OPERATO R OF A GENERATING UN IT OR FACILITY 5 | |
341 | + | SPECIFIED UNDER § 7–207(A)(4)(III) OF THIS SUBTITLE SHA LL SUBMIT TO THE 6 | |
342 | + | DEPARTME NT OF THE ENVIRONMENT A REPORT THAT INCLUDES : 7 | |
354 | 343 | ||
355 | - | (3) “GENERATING STATION ” DOES NOT INCLUDE : | |
344 | + | (I) DATES ON WHICH THE G ENERATING UNIT OR FA CILITY WAS 8 | |
345 | + | USED FOR THE PREVIOU S 12 MONTHS; 9 | |
356 | 346 | ||
357 | - | (I) A GENERATING UNIT OR FACILITY THAT: | |
347 | + | (II) THE LENGTH OF TIME T HE GENERATING UNIT O R FACILITY 10 | |
348 | + | WAS OPERATED FOR THE PREVIOUS 12 MONTHS; AND 11 | |
358 | 349 | ||
359 | - | 1. IS USED FOR THE PRODUCTION OF ELECTR ICITY FOR | |
360 | - | THE PURPOSE OF : | |
350 | + | (III) FOR EACH INSTANCE THAT T HE GENERATING UNIT O R 12 | |
351 | + | FACILITY WAS OPERATE D OVER THE PREVIOUS 12 MONTHS, THE REASON THE 13 | |
352 | + | GENERATING UNIT OR F ACILITY WAS OPERATED . 14 | |
361 | 353 | ||
362 | - | | |
363 | - | ||
364 | - | ||
365 | - | ||
354 | + | (2) UNLESS THE DEPARTMENT OF THE ENVIRONMENT DETERMINE S 15 | |
355 | + | THAT THE REPORT REQU IRED UNDER PARAGRAPH (1) OF THIS SUBSECTION PO SES 16 | |
356 | + | A RISK TO CYBERSECUR ITY, NATIONAL SECURITY , OR THE SECURITY OF T HE STATE, 17 | |
357 | + | THE REPORT: 18 | |
366 | 358 | ||
367 | - | B. TEST AND MAINTENANCE OPERATIONS NECESSARY | |
368 | - | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT | |
369 | - | OF AN INTERRUPTION O F SERVICE FROM THE E LECTRIC COMPANY DUE TO | |
370 | - | ELECTRIC DISTRIBUTIO N OR TRANS MISSION SYSTEM FAILU RE OR WHEN THERE IS | |
371 | - | EQUIPMENT FAILURE AT A SITE WHERE CRITICA L INFRASTRUCTURE IS LOCATED; | |
359 | + | (I) SHALL BE MADE PUBLIC LY AVAILABLE; AND 19 | |
372 | 360 | ||
373 | - | 2. IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE | |
374 | - | FLOW OF ELECTRICITY TO THE ELECTRIC GRID ; AND | |
375 | - | WES MOORE, Governor Ch. 411 | |
361 | + | (II) MAY NOT BE REDACTED . 20 | |
376 | 362 | ||
377 | - | – 9 – | |
378 | - | 3. IS SUBJECT TO A PERM IT TO CONSTRUCT ISSU ED BY | |
379 | - | THE DEPARTMENT OF THE ENVIRONMENT ; OR AND | |
363 | + | (B) ON OR BEFORE DECEMBER 1, 2025, AND EVERY 2 YEARS THEREAFTER , 21 | |
364 | + | THE MARYLAND ENERGY ADMINISTRATION , IN CONSULTATION WITH THE 22 | |
365 | + | DEPARTMENT OF COMMERCE AND INDUSTRY REPRESENTATIVES SELE CTED BY THE 23 | |
366 | + | DEPARTMENT OF COMMERCE, SHALL, IN ACCORDANCE WITH § 2–1257 OF THE 24 | |
367 | + | STATE GOVERNMENT ARTICLE, SUBMIT A REPORT TO T HE GENERAL ASSEMBLY 25 | |
368 | + | DETAILING: 26 | |
380 | 369 | ||
381 | - | 4. IS INSTALLED AT A FA CILITY THAT IS PART OF | |
382 | - | CRITICAL INFRASTRUCT URE IF THE FACILITY COMPLIES WITH ALL AP PLICABLE | |
383 | - | REGULATIONS REGARDIN G NOISE LEVEL AND TE STING HOURS; OR | |
370 | + | (1) ADVANCEMENTS IN BACK UP GENERATION TECHNO LOGIES; 27 | |
384 | 371 | ||
385 | - | ( | |
386 | - | ||
372 | + | (2) THE COMMERCIAL AVAIL ABILITY OF NEW BACKU P GENERATION 28 | |
373 | + | TECHNOLOGIES THAT CA N BE PROCURED ; AND 29 | |
387 | 374 | ||
388 | - | | |
389 | - | ||
375 | + | (3) THE AFFORDABILITY OF ADOPTING NEW BACKUP GENERATION 30 | |
376 | + | TECHNOLOGIES . 31 SENATE BILL 474 9 | |
390 | 377 | ||
391 | - | [(4)] (5) “Qualified submerged renewable energy line” means: | |
392 | 378 | ||
393 | - | (i) a line carrying electricity supply and connecting a qualified | |
394 | - | offshore wind project to the transmission system; and | |
395 | 379 | ||
396 | - | (ii) a line in which the portions of the line crossing any submerged | |
397 | - | lands or any part of a beach erosion control district are buried or submerged. | |
380 | + | 7–208. 1 | |
398 | 381 | ||
399 | - | ||
382 | + | (a) (1) In this section the following words have the meanings indicated. 2 | |
400 | 383 | ||
401 | - | ||
384 | + | (2) “Construction” has the meaning stated in § 7–207 of this subtitle. 3 | |
402 | 385 | ||
403 | - | ( | |
386 | + | (3) “GENERATING STATION ” DOES NOT INCLUDE : 4 | |
404 | 387 | ||
405 | - | ( | |
388 | + | (I) A GENERATING UNIT OR FACILITY THAT: 5 | |
406 | 389 | ||
407 | - | | |
408 | - | ||
390 | + | 1. IS USED FOR THE PRODUCTION OF EL ECTRICITY FOR 6 | |
391 | + | THE PURPOSE OF : 7 | |
409 | 392 | ||
410 | - | (2) money appropriated in the State budget to the Program; | |
393 | + | A. ONSITE EMERGENCY BAC KUP AT A FACILITY WH EN 8 | |
394 | + | SERVICE FROM THE ELE CTRIC COMPANY IS INT ERRUPTED DUE TO ELECTRIC 9 | |
395 | + | DISTRIBUTION OR TRAN SMISSION SYSTEM FAIL URE OR WHEN THERE IS EQUIPMENT 10 | |
396 | + | FAILURE AT A SITE W HERE CRITICAL INFRAS TRUCTURE IS LOCATED ; AND 11 | |
411 | 397 | ||
412 | - | (3) repayments and prepayments of principal and interest on loans made | |
413 | - | from the Fund; | |
398 | + | B. TEST AND MAINTENANCE OPERATIONS NECESSARY 12 | |
399 | + | TO ENSURE FUNCTIONAL ITY OF THE GENERATIN G UNIT OR FACILITY I N THE EVENT 13 | |
400 | + | OF AN INTERRUPTION O F SERVICE FROM THE E LECTRIC COMPANY DUE TO 14 | |
401 | + | ELECTRIC DISTRIBUTIO N OR TRANSMISSION SYSTEM F AILURE OR WHEN THERE IS 15 | |
402 | + | EQUIPMENT FAILURE AT A SITE WHERE CRITICA L INFRASTRUCTURE IS LOCATED; 16 | |
414 | 403 | ||
415 | - | (4) interest and investment earnings on the Fund; | |
404 | + | 2. IS INSTALLED WITH EQ UIPMENT THAT PREVENT S THE 17 | |
405 | + | FLOW OF ELECTRICITY TO THE ELECTRIC GRID ; AND 18 | |
416 | 406 | ||
417 | - | (5) compliance fees paid under § 7–705 of the Public Utilities Article; | |
407 | + | 3. IS SUBJECT TO A PERM IT TO CONSTRU CT ISSUED BY 19 | |
408 | + | THE DEPARTMENT OF THE ENVIRONMENT ; OR AND 20 | |
418 | 409 | ||
419 | - | (6) money received from any public or private source for the benefit of the | |
420 | - | Fund; [and] | |
410 | + | 4. IS INSTALLED AT A FA CILITY THAT IS PART OF 21 | |
411 | + | CRITICAL INFRASTRUCT URE IF THE FACILITY COMPLIES WITH ALL AP PLICABLE 22 | |
412 | + | REGULATIONS REGARDIN G NOISE LEVEL AND TE STING HOURS; OR 23 | |
421 | 413 | ||
422 | - | ( | |
423 | - | ||
414 | + | (II) A COMBINATION O F TWO OR MORE GENERA TING UNITS OR 24 | |
415 | + | FACILITIES THAT SATI SFY ITEM (I) OF THIS PARAGRAPH . 25 | |
424 | 416 | ||
425 | - | – 10 – | |
417 | + | [(3)] (4) “Qualified offshore wind project” has the meaning stated in § 26 | |
418 | + | 7–701 of this title. 27 | |
426 | 419 | ||
427 | - | (8) MONEY DISTRIBUTED UN DER § 2–614.1 OF THE TAX – GENERAL | |
428 | - | ARTICLE. | |
420 | + | [(4)] (5) “Qualified submerged renewable energy line” means: 28 | |
429 | 421 | ||
430 | - | Article – Tax – General | |
422 | + | (i) a line carrying electricity supply and connecting a qualified 29 | |
423 | + | offshore wind project to the transmission system; and 30 10 SENATE BILL 474 | |
431 | 424 | ||
432 | - | 2–614.1. | |
433 | 425 | ||
434 | - | (A) IN THIS SECTION , “QUALIFIED DATA CENTE R” HAS THE MEANING | |
435 | - | STATED IN § 11–239 OF THIS ARTICLE. | |
436 | 426 | ||
437 | - | (B) AFTER MAKING THE DIST RIBUTIONS REQUIRED U NDER §§ 2–613, | |
438 | - | 2–613.1, AND 2–614 OF THIS SUBTITLE, THE COMPTROLLER SHALL DIS TRIBUTE 15% | |
439 | - | OF THE REMAINING INC OME TAX REVENUE FROM CORPORATIONS THAT IS | |
440 | - | ATTRIBUTABLE TO QUAL IFIED DATA CENTERS T HAT ARE OPERATIONAL ON OR AFTER | |
441 | - | JANUARY 1, 2026, TO THE STRATEGIC ENERGY INVESTMENT FUND ESTABLISHED | |
442 | - | UNDER § 9–20B–05 OF THE STATE GOVERNMENT ARTICLE. | |
427 | + | (ii) a line in which the portions of the line crossing any submerged 1 | |
428 | + | lands or any part of a beach erosion control district are buried or submerged. 2 | |
443 | 429 | ||
444 | - | ||
430 | + | Article – State Government 3 | |
445 | 431 | ||
446 | - | After making the distributions required under §§ 2–613, 2–613.1, [and] 2–614, AND | |
447 | - | 2–614.1 of this subtitle, the Comptroller shall distribute the remaining income tax revenue | |
448 | - | from corporations to the General Fund of the State. | |
432 | + | 9–20B–05. 4 | |
449 | 433 | ||
450 | - | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July | |
451 | - | 1, 2024. | |
434 | + | (a) There is a Maryland Strategic Energy Investment Fund. 5 | |
452 | 435 | ||
453 | - | Approved by the Governor, May 9, 2024. | |
436 | + | (e) The Fund consists of: 6 | |
437 | + | ||
438 | + | (1) all of the proceeds from the sale of allowances under § 2–1002(g) of the 7 | |
439 | + | Environment Article; 8 | |
440 | + | ||
441 | + | (2) money appropriated in the State budget to the Program; 9 | |
442 | + | ||
443 | + | (3) repayments and prepayments of principal and interest on loans made 10 | |
444 | + | from the Fund; 11 | |
445 | + | ||
446 | + | (4) interest and investment earnings on the Fund; 12 | |
447 | + | ||
448 | + | (5) compliance fees paid under § 7–705 of the Public Utilities Article; 13 | |
449 | + | ||
450 | + | (6) money received from any public or private source for the benefit of the 14 | |
451 | + | Fund; [and] 15 | |
452 | + | ||
453 | + | (7) money transferred from the Public Service Commission under § 16 | |
454 | + | 7–207.2(c)(3) of the Public Utilities Article; AND 17 | |
455 | + | ||
456 | + | (8) MONEY DISTRIBUTED UN DER § 2–614.1 OF THE TAX – GENERAL 18 | |
457 | + | ARTICLE. 19 | |
458 | + | ||
459 | + | Article – Tax – General 20 | |
460 | + | ||
461 | + | 2–614.1. 21 | |
462 | + | ||
463 | + | (A) IN THIS SECTION , “QUALIFIED DATA CENTE R” HAS THE MEANING 22 | |
464 | + | STATED IN § 11–239 OF THIS ARTICLE. 23 | |
465 | + | ||
466 | + | (B) AFTER MAKING THE DIST RIBUTIONS REQUIRED U NDER §§ 2–613, 24 | |
467 | + | 2–613.1, AND 2–614 OF THIS SUBTITLE, THE COMPTROLLER SHALL DIS TRIBUTE 15% 25 | |
468 | + | OF THE REMAINING INC OME TAX REVENUE FROM CORPORATIONS THAT IS 26 | |
469 | + | ATTRIBUTABLE TO QUAL IFIED DATA CENTERS T HAT ARE OPERATIONAL ON OR AFTER 27 | |
470 | + | JANUARY 1, 2026, TO THE STRATEGIC ENERGY INVESTMENT FUND ESTABLISHED 28 | |
471 | + | UNDER § 9–20B–05 OF THE STATE GOVERNMENT ARTICLE. 29 SENATE BILL 474 11 | |
472 | + | ||
473 | + | ||
474 | + | ||
475 | + | 2–615. 1 | |
476 | + | ||
477 | + | After making the distributions required under §§ 2–613, 2–613.1, [and] 2–614, AND 2 | |
478 | + | 2–614.1 of this subtitle, the Comptroller shall distribute the remaining income tax revenue 3 | |
479 | + | from corporations to the General Fund of the State. 4 | |
480 | + | ||
481 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 5 | |
482 | + | 1, 2024. 6 | |
483 | + | ||
484 | + | ||
485 | + | ||
486 | + | ||
487 | + | Approved: | |
488 | + | ________________________________________________________________________________ | |
489 | + | Governor. | |
490 | + | ________________________________________________________________________________ | |
491 | + | President of the Senate. | |
492 | + | ________________________________________________________________________________ | |
493 | + | Speaker of the House of Delegates. |