3194

LAWS OF MARYLAND

Ch. 871

REVISED, AND COLLECTED AS TO PROVIDE FUNDS, WITH OTHER FUNDS
AVAILABLE FOR SUCH PURPOSES, SUFFICIENT AT ALL TIMES:

(1)  TO PAY THE COST OF MAINTAINING, REPAIRING,
AND OPERATING THE PROJECT ON ACCOUNT OF WHICH THE AUTHORITY
SHALL HAVE ISSUED BONDS, INCLUDING SUCH RESERVES AS THE
AUTHORITY MAY DEEM NECESSARY OR DESIRABLE FOR SUCH PURPOSES
AND FOR REPLACEMENT AND DEPRECIATION AND NECESSARY
EXTENSIONS;

(2)  TO PAY THE PRINCIPAL OF AND REDEMPTION
PREMIUM (IF ANY) AND INTEREST ON THE BONDS AS THE SAME SHALL
BECOME DUE AND PAYABLE AND TO CREATE AND MAINTAIN SUCH
RESERVES AS THE AUTHORITY MAY DEEM NECESSARY OR DESIRABLE
FOR SUCH PURPOSES; AND

(3)  TO FULFILL THE TERMS AND PROVISIONS OF ANY
AGREEMENTS MADE WITH THE PURCHASERS OR HOLDERS OF ANY OF ITS
BONDS OR WITH ANY PERSON OR SUBDIVISION.

(B)  IN CASES WHERE THE CHARACTER OF THE WASTE FROM ANY
SOURCE IS SUCH THAT IS IMPOSES AN UNREASONABLE BURDEN UPON
ANY PROJECT, AN ADDITIONAL CHARGE MAY BE MADE THEREFOR, OR
THE AUTHORITY MAY, IF IT DEEMS ADVISABLE, REQUIRE THAT SUCH
WASTE BE TREATED OR PROCESSED IN SUCH MANNER AS SHALL BE
SPECIFIED BY THE AUTHORITY PRIOR TO THE DEPOSIT OF SUCH
WASTE AT THE PROJECT. SUCH RENTALS AND OTHER RATES, FEES,
AND CHARGES SHALL NOT BE SUBJECT TO SUPERVISION OR
REGULATION BY ANY DEPARTMENT, DIVISION, COMMISSION, BOARD,
BUREAU, OR AGENCY OF THE STATE OR ANY POLITICAL SUBDIVISION
THEREOF.

(C)  THE REVENUES, OR ANY PART THEREOF (WHETHER DERIVED
FROM THE PROJECT OR PROJECTS IN CONNECTION WITH WHICH THE
BONDS OF ANY ISSUE SHALL HAVE BEEN ISSUED OR FROM OTHER
PROJECTS OR SOURCES), DESIGNATED AS SECURITY FOR SUCH BONDS
BY THE AUTHORIZING RESOLUTION OR IN THE TRUST AGREEMENT
SECURING THE BONDS SHALL BE SET ASIDE AT SUCH REGULAR
INTERVALS AS MAY BE PROVIDED IN SUCH RESOLUTION OR TRUST
AGREEMENT IN A SPECIAL FUND WHICH IS HEREBY PLEDGED TO, AND
CHARGED WITH, THE PAYMENT OF;

(1)  THE INTEREST UPON SUCH BONDS AS SUCH
INTEREST FALLS DUE;

(2)  THE PRINCIPAL OF SUCH BONDS AS IT FALLS DUE;

(3)  THE NECESSARY CHARGES OF PAYING AGENTS FOR
PAYING PRINCIPAL AND INTEREST; AND

(4)  THE REDEMPTION PRICE OR PURCHASE PRICE OF
BONDS RETIRED BY CALL OR PURCHASE AS PROVIDED IN SUCH
RESOLUTION OR TRUST AGREEMENT.

ANY AMOUNTS SET ASIDE IN SUCH SPECIAL FUND WHICH ARE
NOT NEEDED TO PROVIDE FOR THE PAYMENT OF SUCH ITEMS (I),
(II), (III), AND (IV) (1), (2), (3), AND (4) MAY BE USED FOR