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Session Laws, 1976
Volume 734, Page 2520   View pdf image
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2520                                      LAWS OF MARYLAND                            Ch. 911

PROCEEDS OF WHICH THE CONSTRUCTION OR ACQUISITION UPON
WHICH THE BENEFIT CHARGE IS BASED WAS ACCOMPLISHED.
HOWEVER, WHERE THE BENEFIT CHARGE IS BEING PAID AND
REDEEMED AT THE TIME AND ON ACCOUNT OF THE ACQUISITION OF
THE PROPERTY BY A STATE, COUNTY OR OTHER GOVERNMENTAL
AUTHORITY OR AGENCY, PURSUANT TO THE PROVISIONS OF ANY
LAW REQUIRING THE REDEMPTION, THEN THE PAYMENT TO THE
COMMISSION SHALL BE THE CAPITALIZED AMOUNT OF THE ACTUAL
BENEFIT CHARGE, BUT IN NO EVENT LESS THAN THE CHARGE
WHICH WOULD DEVELOP IF THE PROPERTY WERE IN THE SMALL
ACREAGE CLASSIFICATION, WITH THE REDEMPTION AMOUNT
CALCULATED. UPON THE RECEIPT OF THE SUM OR SUMS FROM THE
EXTINGUISHMENT OR REDEMPTION OF ONE OR MORE BENEFIT
CHARGES, THE COMMISSION SHALL PURCHASE AND CANCEL ONE OR
MORE BONDS OUT OF THE SERIES OF BONDS ISSUED FOR THE
PURPOSE OF THE CONSTRUCTION OR ACQUISITION WHICH WAS THE
BASIS OF THE BENEFIT CHARGE, OR THE COMMISSION MAY INVEST
OR USE THE SUM OR SUMS SO PAID TO CONSTRUCT OF ACQUIRE
OTHER WATER AND SANITARY SEWER LINES FOR WHICH BENEFIT
CHARGES ARE LEVIED, OR FOR AMORTIZING ANY BONDS ISSUED
FOR THE PURPOSE OF CONSTRUCTING OR ACQUIRING THE WATER
AND SANITARY SEWER LINES, THAT IS, THOSE FOR WHICH
BENEFIT CHARGES ARE LEVIED. THE COMMISSION MAY MAKE UP
ANY DEFICIENCY IN THE PURCHASE OF A BOND OR PAY A
PREMIUM, IF REQUIRED, OUT OF ANY SURPLUS FUNDS AVAILABLE.
THE COMMISSION MAY WITHHOLD APPROVAL OF THE
EXTINGUISHMENT OR REDEMPTION OF A BENEFIT CHARGE IF THE
COMMISSION DETERMINES THE EXTINGUISHMENT OR REDEMPTION TO
BE ADMINISTRATIVELY IMPRACTICABLE OR UNREASONABLY COSTLY
UNDER THE CIRCUMSTANCES. THE EXTINGUISHMENT OR
REDEMPTION OF ANY BENEFIT CHARGE IS CONDITIONAL UNTIL THE
LAST YEAR OF MATURITY OF THE BONDS OUT OF THE PROCEEDS OF
WHICH THE CONSTRUCTION OR ACQUISITION WAS ACCOMPLISHED.
FOLLOWING REDEMPTION OR EXTINGUISHMENT, IF THE USE OF THE
PROPERTY CHANGES TO ANOTHER CLASS SO THAT THE PROPERTY
WOULD BE PLACED IN A DIFFERENT CLASS YIELDING A GREATER
ANNUAL BENEFIT CHARGE THAN THAT UTILIZED FOR COMPUTING
THE REDEMPTION AMOUNT, THE COMMISSION MAY RECLASSIFY THE
PROPERTY AND REIMPOSE A BENEFIT CHARGE FOR THE REMAINING
NUMBER OF YEARS. HOWEVER, THE BENEFIT CHARGE SHALL BE
CALCULATED SO AS TO GIVE CREDIT FOR THE SUM PAID FOR
EXTINGUISHMENT OR REDEMPTION.

(H) CONNECTION OF NONABUTTING PROPERTY. THE
COMMISSION AT ANY TIME SHALL PERMIT A CONNECTION WITH A
WATER MAIN OR SEWER BY A PROPERTY OWNER WHOSE PROPERTY
DOES NOT ABUT ON THE WATER MAIN OR SEWER AND WHO HAS NOT
PREVIOUSLY PAID A BENEFIT CHARGE FOR THE CONSTRUCTION OF
THE WATER MAIN OR SEWER, BUT THE COMMISSION SHALL
CLASSIFY THE PROPERTY AND DETERMINE A BENEFIT CHARGE TO
BE PAID BY THE PROPERTY OWNER AS THOUGH HIS PROPERTY
ABUTTED UPON THE WATER MAIN OR SEWER. IF THE CONNECTION
IS MADE, THE PROPERTY OWNER AND PROPERTY, FOR ALL
CHARGES, RATES, AND BENEFITS SHALL STAND IN EVERY RESPECT
IN THE SAME POSITION AS IF THE PROPERTY ABUTTED UPON A
WATER MAIN OR SEWER.

(I) COLLECTION OF PRIOR CHARGES. THE PROVISIONS

 

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Session Laws, 1976
Volume 734, Page 2520   View pdf image
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