HARRY HUGHES, Governor

3155

(h) The Washington Suburban Sanitary Commission may
accept contributions from the government of the United
States or any of its agencies, the District of Columbia, the
State of Maryland or any of its agencies, Prince George's
County, Montgomery County, any municipality, special taxing
area, corporation, partnership or any other person which, in
the opinion of the commission, may be advantageous in the
construction of any project under this section.

13-8. Tax anticipation borrowing.

(A)  Whenever receipts from tax collection shall be
inadequate to pay the principal and/or interest on any bonds
issued under and by virtue of chapter 522 of the Acts of the
General Assembly of Maryland of 1953, or any amendment or
amendments thereof, by the county commissioners of Prince
George's County, the Washington Suburban Sanitary Commission
and/or the Maryland-National Capital Park and Planning
Commission, the Washington Suburban Sanitary Commission is
hereby authorized and directed to borrow money in
anticipation of such taxes in such sum or sums which may be
necessary to pay the principal and/or interest on bonds due
or to become due from which receipts from taxes are found to
be inadequate to pay the same. Negotiable notes shall be
issued from all money so borrowed, which notes may be
renewed from time to time, and money may be borrowed upon
new notes from time to time for the payment of any
indebtedness evidenced thereby. [No money shall be borrowed
at a rate of interest exceeding five per centum (5%) per
annum.] Such notes may be disposed of in such manner as the
commission may determine without regard to the provisions of
Article 31 of the Annotated Code of Maryland (1951 edition),
provided, however, that there shall never be outstanding at
any one time any such notes in excess of the amount
necessary to pay the principal and interest on bonds issued
by the county commissioners of Prince George's County, the
Washington Suburban Sanitary Commission and the
Maryland-National Capital Park, and Planning Commission as
set forth in chapter 522 of the Acts of the General Assembly
of Maryland of 1953, including any amendment or amendments
thereof. All such notes shall be authorized by resolution
of the commission, which shall fix the actual or maximum
amount of the notes, the actual or maximum rate of interest
to be paid upon the amount borrowed and the actual or
approximate maturity of the notes. The form and manner of
execution of such notes shall be determined by the
commission.

(B)  The funds herein authorized to be borrowed shall
be used exclusively for the purpose herein mentioned and any
other use of the same is hereby declared a misdemeanor and
punishable as other misdemeanors are punishable by section
[83-108 of the Code of Public Local Laws of Prince George's
County, Maryland] 18-7 OF THIS ARTICLE.

14-1. Authority of commission to furnish water for District
Training School and Anne Arundel County.