WILLIAM DONALD SCHAEFER, Governor Ch. 369

leaseholds, easements, or rights-of-way of the WSSC or the municipality to maintain
any stormwater management easement, structure, or other property.

3-203.

(a) (1) For the purpose of providing funds for the planning, acquisition,
construction, reconstruction, establishment, extension, enlargement, demolition or
purchase of facilities (including without limitation any land, interests in land, or
equipment) for the control and disposition of storm and surface waters, including
floodproofing, flood control, or navigation programs and other stormwater programs
and systems, Montgomery County [and], Prince George's County, AND THE CITY OF
TAKOMA PARK may issue bonds, from time to time, in any amounts as they may deem
necessary to provide funds for their respective portions of the stormwater programs and
systems authorized under the provisions of this subtitle. BONDS OF THE CITY OF
TAKOMA PARK AUTHORIZED BY THIS SUBTITLE MAY BE ISSUED IN
CONJUNCTION WITH BONDS OF PRINCE GEORGE'S COUNTY
AUTHORIZED BY THIS SUBTITLE IN THE MANNER PROVIDED BY
RESOLUTIONS OF THE CITY COUNCIL OF THE CITY OF TAKOMA PARK
AND THE COUNTY COUNCIL OF PRINCE GEORGE'S COUNTY, SUBJECT IN
EACH CASE TO APPROVAL OF BOND COUNSEL FOR THE RESPECTIVE
JURISDICTION. THE RESOLUTIONS MAY INCLUDE, WITHOUT
LIMITATION, PROCEDURES FOR A JOINT OR COORDINATED OFFERING
OR SALE OF THE BONDS. IN ADDITION, PRINCE GEORGE'S COUNTY MAY
ISSUE BONDS AUTHORIZED BY THIS SUBTITLE PAYABLE FROM THE AD
VALOREM TAXES AUTHORIZED BY § 3-205(A) OF THIS SUBTITLE FOR THE
BENEFIT OF THE CITY OF TAKOMA PARK FOR THE SAME PURPOSES FOR
WHICH THE CITY OF TAKOMA PARK MAY ISSUE BONDS UNDER THIS
SUBTITLE IN CONNECTION WITH SYSTEMS LOCATED WITHIN THE CITY
OF TAKOMA PARK (INCLUDING SYSTEMS LOCATED WITHIN THAT
PORTION OF THE CITY OF TAKOMA PARK LOCATED IN MONTGOMERY
COUNTY), SUBJECT TO THE APPROVAL OF BOND COUNSEL OF PRINCE
GEORGE'S COUNTY. SUCH BONDS SHALL BE APPROVED BY
APPROPRIATE RESOLUTIONS OF THE CITY COUNCIL OF THE CITY OF
TAKOMA PARK AND THE COUNTY COUNCIL OF PRINCE GEORGE'S
COUNTY, WHICH SHALL PROVIDE FOR THE LENDING OF THE
APPROPRIATE PORTION OF THE PROCEEDS OF SUCH BONDS BY PRINCE
GEORGE'S COUNTY TO THE CITY OF TAKOMA PARK AND THE
REPAYMENT OF THE LOAN BY THE CITY OF TAKOMA PARK TO PRINCE
GEORGE'S COUNTY IN SUCH AMOUNTS AND AT SUCH TIMES AS SHALL BE
NECESSARY TO ENABLE PRINCE GEORGE'S COUNTY TO MAKE ALL
PAYMENTS OF PRINCIPAL OF AND INTEREST ON SUCH BONDS WHEN
DUE, INCLUDING (WITHOUT LIMITATION) THE PROPORTIONATE PART
OF ANY PRINCIPAL OF ANY OUTSTANDING SINKING FUND BONDS, AS
DETERMINED BY THE TABLE OF REDEMPTION OF BONDS FOR BONDS
ISSUED BY PRINCE GEORGE'S COUNTY FOR THE BENEFIT OF THE CITY
OF TAKOMA PARK FOR STORMWATER MANAGEMENT UNDER THIS
SUBTITLE.

- 1225 -