Bill > H3462

This bill provides municipalities and public utilities with the legal right to purchase utility poles from investor-owned utilities at a depreciated price, regardless of existing laws that might previously have restricted such transactions. The legislation grants local governments and utility companies more flexibility in acquiring infrastructure assets by allowing them to buy utility poles at a value that reflects the poles' reduced worth over time, rather than at their original or full market price. Investor-owned utilities (privately held companies that provide public utility services and are owned by shareholders) would be required to sell their utility poles at a price that accounts for the decreased value of the infrastructure due to age, wear, or technological obsolescence. This bill aims to potentially reduce infrastructure costs for municipalities and public utilities by enabling more equitable pricing when transferring utility pole assets.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/H3462