3104                                   LAWS OF MARYLAND                                 Ch. 805

(f)  [Said] THE benefit charge shall be paid annually,
beginning from the time of the levy thereof, by all
properties located as above specified, for a period of years
co-extensive with the period of maturity of the bonds out of
the proceeds of which such construction was done. Subject
to the provisions of this subsection, [said] THE benefit
charge may be extinguished or redeemed, at any time, upon
the payment to the [said] commission of a sum equal to the
amount of [said] annual benefit charge, calculated for this
purpose at the base rate applicable to the class in which
the property may then be by reason of its use and
disregarding any allowance for excess, but in no event less
than the base rate applicable to subdivision residential
property, multiplied by the number of years that it has yet
to run, less the interest, at the rate of interest of the
bonds out of the proceeds of which the construction upon
which [said] THE benefit charge is based, was done;
provided, however, that 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 such 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 as
hereinabove provided. Upon the receipt of such sum, or
sums, from the extinguishment or redemption of one or more
front foot 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 which was the
basis of [said] THE front foot benefit charge, or the
commission may invest or use the sum or sums so paid to
construct other water and sanitary sewer lines for which
benefit charges are levied, or for amortizing any bonds
issued for the purpose of constructing such water and
sanitary sewer lines, that is, those for which benefit
charges are levied under section [83-71 (71-19)] 5-1 of this
[subtitle] ARTICLE. The commission is hereby authorized to
make up any deficiency in the purchase of a bond or pay a
premium if required, out of any surplus funds available.
The extinguishment or redemption of any benefit charge shall
be conditional until the last year of maturity of the bonds
from the proceeds of which the construction was done, and if
following redemption or extinguishment 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, calculating the benefit charge, however, so
as to give credit for the sum paid for extinguishment or
redemption.

(g)  The Commission shall at any time permit a
connection with a water main or sewer by a property owner
whose property does not abut on [said] THE water main or