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2544 LAWS OF MARYLAND Ch. 612
OR SECURITY THAT THE COMMISSION MAY PROVIDE FOR THE
PAYMENT OR SECURITY OF THE REFUNDING BONDS.
(D) FOR THE PURPOSE OF RETIRING THE REFUNDING
BONDS ISSUED UNDER THE PROVISIONS OF THIS SECTION AND THE
PAYMENT OF THE INTEREST THEREON, THERE SHALL BE LEVIED
ANNUALLY AGAINST ALL OF THE ASSESSABLE PROPERTY WITHIN
THE SANITARY DISTRICT BY THE COUNTY COUNCILS OF
MONTGOMERY AND PRINCE GEORGE'S COUNTIES, SO LONG AS THE
BONDS ARE OUTSTANDING AND UNPAID, A TAX SUFFICIENT TO PAY
THE INTEREST ON THE BONDS AS IT BECOMES DUE AND TO PAY
THE PRINCIPAL AND REDEMPTION PREMIUM, IF ANY, OF THE
BONDS AT THEIR MATURITY OR REDEMPTION; PROVIDED THAT AS
TO ANY SERIES OF REFUNDING BONDS ISSUED TO REFUND STORM
AND SURFACE WATER DRAINAGE BONDS, THE TAX SHALL BE LEVIED
BY THE COUNTY COUNCIL OF THE RESPECTIVE COUNTY IN WHICH
THE STORM OR SURFACE WATER DRAINAGE SYSTEMS PROVIDED WITH
THE PROCEEDS OF THE BONDS THUS BEING REFUNDED SHALL BE
LOCATED. SUCH TAX SHALL BE DETERMINED, LEVIED, COLLECTED
AND PAID OVER TO THE WASHINGTON SUBURBAN SANITARY
COMMISSION IN THE MANNER PROVIDED BY SECTION 4-5 OF THIS
CODE, AND ALL OF THE PROVISIONS OF SECTION 4-5 OF THIS
CODE SHALL APPLY TO THE REFUNDING BONDS ISSUED UNDER THIS
SECTION. THE COMMISSION SHALL MAKE ADEQUATE PROVISION
FOR EXTENDING TO THE RATE PAYERS OF THE COMMISSION THE
BENEFIT OF SAVINGS IN DEBT SERVICE COSTS DERIVED THROUGH
THE ISSUANCE OF ANY REFUNDING BONDS HEREUNDER.
(E) ANY PROVISIONS OF LAW REQUIRING THE FIXING AND
COLLECTING OF FRONT FOOT BENEFIT CHARGES FOR THE PAYMENT
OF THE PRINCIPAL OF AND THE INTEREST ON THE OUTSTANDING
BONDS SO REFUNDED SHALL APPLY TO THE PAYMENT OF THE
REFUNDING BONDS ISSUED UNDER THIS SECTION TO REFUND SUCH
OUTSTANDING BONDS.
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SECTION 3. AND BE IT FURTHER ENACTED, That this Act
is hereby declared to be an emergency measure and
necessary for the immediate preservation of the public
health and safety and having been passed by a yea and nay
vote supported by three-fifths of all the members elected
to each of the two Houses of the General Assembly, the
same shall take effect from the date of its passage.
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Approved May 17, 1977.
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CHAPTER 613
(House Bill 1931)
AN ACT concerning
Maryland-National Capital Park and Planning Commission
(Zoning in Municipal Corporations in
Prince George's County)
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