1.1 	A bill for an act
1.2 	relating to utilities; changing calendar quarter when assessment adjustments 
1.3 	must be made by Department of Commerce;amending Minnesota Statutes 2004, 
1.4 	section 116C.69, subdivision 3.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2004, section 116C.69, subdivision 3, is amended to read:
1.7 		Subd. 3.Funding; assessment. The board shall finance its baseline studies, general 
1.8 	environmental studies, development of criteria, inventory preparation, monitoring of 
1.9 	conditions placed on site and route permits, and all other work, other than specific site and 
1.10 	route designation, from an assessment made quarterly, at least 30 days before the start of 
1.11 	each quarter, by the board against all utilities with annual retail kilowatt-hour sales greater 
1.12 	than 4,000,000 kilowatt-hours in the previous calendar year.
1.13 	Each share shall be determined as follows: (1) the ratio that the annual retail 
1.14 	kilowatt-hour sales in the state of each utility bears to the annual total retail kilowatt-hour 
1.15 	sales in the state of all these utilities, multiplied by 0.667, plus (2) the ratio that the annual 
1.16 	gross revenue from retail kilowatt-hour sales in the state of each utility bears to the annual 
1.17 	total gross revenues from retail kilowatt-hour sales in the state of all these utilities, 
1.18 	multiplied by 0.333, as determined by the board. The assessment shall be credited to the 
1.19 	special revenue fund and shall be paid to the state treasury within 30 days after receipt of 
1.20 	the bill, which shall constitute notice of said assessment and demand of payment thereof. 
1.21 	The total amount which may be assessed to the several utilities under authority of this 
1.22 	subdivision shall not exceed the sum of the annual budget of the board for carrying out the 
1.23 	purposes of this subdivision. The assessment for the ~~second~~third quarter of each fiscal 
1.24 	year shall be adjusted to compensate for the amount by which actual expenditures by the 
2.1 	board for the preceding fiscal year were more or less than the estimated expenditures 
2.2 	previously assessed.