Chapter 304. To amend section 8 of the Act making appropriations to provide for the expenses of the government of the District of Columbia for the fiscal year ending June 30, 1914, and for other purposes, approved March 4, 1913
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CHAP. 304.— An Act To amend section 8 of the Act making appropriations to provide for the expenses of the government of the District of Columbia for the fiscal year ending June 30, 1914, and for other purposes, approved March 4, 1913.March 3, 1927.[[S. 3403](/us/bill/69/s/3403).][[Public, No. 707](/us/pl/69/707).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,District of Columbia, Public Utilities Commission.Vol. 37, p. 984, amended.
That section 8 of the Act making appropriations to provide for the expenses of the government of the District of Columbia for the fiscal year ending June 30, 1914, and for other purposes, approved March 4, 1913 (Thirty-seventh United States Statutes, page 974), be amended by adding a new paragraph, numbered 42a, to read as follows: " “ Par. 42a. That the expenses of any investigation, valuation,Investigation, etc., expenses to be borne by utility affected. revaluation, or proceeding of any nature made by the Public Utilities Commission of any public utility operating in the District of Columbia shall be borne by the public utility investigated, valued, revalued, or otherwise as a special franchise tax in addition to allA special franchise tax. other taxes imposed by law, and such expenses with 6 per centum interest may be charged to operating expenses and amortized over such period as the Public Utilities Commission shall deem proper and be allowed for in the rates to be charged by such utility.
WhenDeposit in miscellaneous trust fund account required. any such investigation, valuation, revaluation, or other proceeding is begun the said Public Utilities Commission may call upon the utility in question for the deposit of such reasonable sum or sums as, in the opinion of said commission, it may deem necessary from time to time until the said proceeding is completed, the money so paid to be deposited in the Treasury of the United States to the credit of the appropriation account known as “ Miscellaneous trust fund deposit, District of Columbia ” and to be disbursed in the manner Provided for by law for other expenditures of the government of the District of Columbia, for such purposes as may be approved by the Public Utilities Commission.
Any unexpended balance of such sumReturn of unexpended balance. or sums so deposited shall be returned to the utility depositing the*Proviso*.Limit for expenses of valuation. same: *Provided*, That the amount expended by the commission in any valuation or rate case shall not exceed one-half of 1 per centum of the existing valuation of the company investigated, and that the amount expended in all other investigations shall not exceed one-tenth of 1 per centum of the existing valuation for any one company for any one year.
" Approved, March 3, 1927.