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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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