Maryland § 7-534
Full text of Maryland Maryland Code § 7-534, with citation guidance and answers to common questions.
§ 7-534.
(a) At the request of an electric company, the Commission may modify an existing qualified rate order, or issue an additional qualified rate order, providing for the issuance of:
(1) additional rate stabilization bonds for rate stabilization costs not recovered under an original qualified rate order; or
(2) new rate stabilization bonds for the combined purposes of:
(i) financing and recovering rate stabilization costs not recovered under an original qualified rate order; and
(ii) subject to § 7-533 of this subtitle, retiring and refunding existing rate stabilization bonds.
(b) Unless otherwise provided in the modified or additional qualified rate order or in the trust agreement securing the additional or new rate stabilization bonds, the additional or new rate stabilization bonds are:
(1) considered to be of the same issue as the original issue; and
(2) entitled to payment from the same funds as the original issue, without preference or priority of the rate stabilization bonds of the original issue.
Frequently Asked Questions About Maryland § 7-534
What does Maryland Code § 7-534 cover?
Section 7-534 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-534?
A common citation format is "Maryland Code § 7-534" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-534 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.