HARRY HUGHES, Governor                               2341

43, § 654(e).

The defined term "project" is substituted for
references to "including real property" and "any
part of such facilities".

9-694. LEVY OF PROPERTY TAX.

(A)  ESTIMATE OF NEEDED FUNDS.

TO RETIRE BONDS ISSUED UNDER THIS SUBTITLE, EACH YEAR,
THE SANITARY COMMISSION, AS TO EACH SERIES OF OUTSTANDING
BONDS, SHALL DETERMINE OR ESTIMATE:

(1) THE PRINCIPAL AND INTEREST THAT WILL BE DUE
ON THAT SERIES THROUGH THE END OF THE NEXT FULL TAXABLE YEAR
FOR PROPERTY TAXES IN THE MEMBER COUNTIES; AND

(2) THE AMOUNT OF BENEFIT ASSESSMENTS THAT WILL
BE COLLECTED ON PROJECTS FOR WHICH THAT SERIES WAS ISSUED
AND THE AMOUNT OF ANY OTHER FUNDS THAT WILL BE AVAILABLE TO
THAT SERIES THROUGH THE END OF THE NEXT FULL TAXABLE YEAR
FOR PROPERTY TAXES IN THE MEMBER COUNTIES.

(B)  CERTIFICATION OF TAX BASE.

AT LEAST 60 DAYS BEFORE THE TAXABLE YEAR FOR PROPERTY
TAXES, THE GOVERNING BODY OF EACH MEMBER COUNTY SHALL
CERTIFY TO THE SANITARY COMMISSION THE TOTAL VALUATION OF
ALL TAXABLE PROPERTY IN EACH SERVICE AREA IN THAT MEMBER
COUNTY.

(C)  CERTIFICATION OF NECESSARY TAX RATE.

IF, AFTER MAKING THE ESTIMATE OF NECESSARY FUNDS UNDER
THIS SECTION, THE SANITARY COMMISSION DETERMINES THAT THERE
WILL BE INSUFFICIENT BENEFIT ASSESSMENTS OR OTHER FUNDS
AVAILABLE TO PAY THE PRINCIPAL AND INTEREST REFERRED TO IN
SUBSECTION (A) OF THIS SECTION, THE SANITARY COMMISSION
SHALL:

(1) COMPUTE THE DEFICIENCY AS TO EACH SERVICE
AREA IN THE DISTRICT; AND

(2) ON THE BASIS OF THE TAX BASE INFORMATION
SUPPLIED BY THE MEMBER COUNTY UNDER THIS SECTION, CERTIFY TO
EACH MEMBER COUNTY THE TAX RATE THAT WILL BE REQUIRED IN
EACH SERVICE AREA IN THAT MEMBER COUNTY TO MEET THE
DEFICIENCY.

(D)  LEVY BY MEMBER COUNTIES.

(1) THE GOVERNING BODY OF EACH MEMBER COUNTY
SHALL LEVY ON ALL REAL PROPERTY IN EACH SERVICE AREA IN THAT
MEMBER COUNTY, AND MAY LEVY ON PERSONAL PROPERTY IN THE