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by the transmission and distribution utility in the municipality as | | of the date the transmission and distribution utility receives | | notice of such exercise pursuant to subsection 2. |
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| | | In meeting this requirement, the municipality may acquire all or | | any part of the lighting equipment of the transmission and | | distribution utility upon the payment of the unamortized | | investment allocable to the acquired equipment. |
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| | | Upon such payment, the municipality has the right to use, alter, | | remove or replace the acquired equipment in any way the | | municipality considers appropriate. |
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| | | The transmission and distribution utility, or any other owner of | | a pole, lamppost or other mounting surface previously used by the | | transmission and distribution utility for the mounting of the | | lighting equipment of the transmission and distribution utility | | may not charge the municipality an attachment or deattachment fee | | for the placement or removal of lighting equipment on any pole, | | lamppost or other mounting surface. |
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| | | 4.__Municipality may request removal.__A municipality may | | request that the transmission and distribution utility remove any | | unacquired part of the lighting equipment described under | | subsection 3.__After the transmission and distribution utility | | has removed any unacquired part, the municipality shall pay to | | the transmission and distribution utility the cost of removal | | along with the unamortized investment allocable to such | | unacquired part, net of any salvage value attributable to the | | removed equipment. |
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| | | 5.__Limitations on actions of transmission and distribution | | utility.__The transmission and distribution utility may not | | require that maintenance to the lighting equipment acquired | | pursuant to this section meet any standard that exceeds that of | | state law or rule. |
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| | | The transmission and distribution utility may not require that | | the lighting equipment meet any code or standard that exceeds | | those of state law or rule. |
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| | | The transmission and distribution utility may not require of the | | municipality any greater liability protection for the community, | | including, but not limited to, hazard insurance, than the | | transmission and distribution utility itself provides to the | | community. |
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| | | 6.__Municipality may assume rights and obligations of | | transmission and distribution utility.__In connection with the |
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