BLAIR LEE III, Acting Governor                           2183

15-19.

The [Commission] COUNTY shall not be required to pay
any taxes or assessments upon any project acquired,
constructed or operated by it, under the provisions of this
subtitle, or upon the income therefrom, and the bonds issued
under the provisions of this subtitle, their transfer and
the income therefrom (including any profit made on the sale
thereof by any person other than the initial purchaser
thereof) shall at all times be free from taxation by the
State of Maryland or any of its political subdivisions, or
by any town or incorporated municipality or any other public
agency within the State.

15-20.

(a)    For the purpose of paying the interest on and
principal of the bends issued by [said Commission] THE
COUNTY as in this subtitle provided for the water [supply, ]
AND sewerage [, or drainage] systems to be constructed,
purchased, or established under this subtitle, the
[Commission] BOARD may fix an annual assessment on all
properties, improved or unimproved, binding upon a street,
road, lane, alley, or right-of-way in which a water main[, ]
OR sewer [, or drain] has been built. The annual assessment
shall be made upon the front foot basis, and the first
payment shall be collected during the year in which the
construction is completed on the water supply[,] OR sewerage
[, or drainage] systems; or in which the systems are
purchased or acquired. All sums collected by the
[Commission] BOARD for benefits levied against the property
for water[, ] OR sewerage [, or drainage] construction shall
be set aside as a separate fund to be known and designated
as the Front Foot Benefit Assessment Fund.

(b)    The [Commission] BOARD for the purpose of
assessing benefits shall divide all properties binding upon
a street, road, lane, alley, or right-of-way, in which a
water pipe or sanitary sewer is to be laid, into four
classes, namely: agricultural, small acreage, industrial or
business, and residential, and the [Commission] BOARD may
subdivide each of these classes in such manner as it deems
to be in the public interest- Whenever any water [supply]
or sewerage project in the [county] SERVICE AREA has been
completed and declared ready for service, the [Commission]
BOARD shall fix and levy an assessment for the remainder of
the fiscal year on a pro rata basis upon all property in the
[county] SERVICE AREA abutting upon the water main or sewer,
in accordance with the classification or subdivision
thereof; and it shall in writing notify all owners of said
properties into which class and subdivision their respective
properties fall and the charge determined upon, naming also
in the notice a time and place, when and at which time the
owner will be heard- Such notice may be mailed to the last
known address of the owner, or served in person upon any
adult occupying the premises or in case of a vacant or
unimproved property posted upon the premises.