Ch. 240

PAID WITHIN 60 DAYS AFTER THE DATE OF LEVY.

(2) THE LEVY BEARS INTEREST AT THE RATE OF 1
PERCENT A MONTH FOR EACH MONTH AFTER THE TIME THE BENEFIT
CHARGES ARE IN DEFAULT.

(3) THE FRONT-FOOT ASSESSMENT CHARGES ARE A
FIRST LIEN ON THE ASSESSED PROPERTY, SUBJECT ONLY TO PRIOR
STATE AND COUNTY CHARGES.

(4) THE MUNICIPAL AUTHORITY MAY ENFORCE THE LIEN
BY FILING IN AN APPROPRIATE COURT A COMPLAINT FOR A JUDGMENT
AGAINST THE PROPERTY OWNER AND FOR EXECUTION ON THE
JUDGMENT.

(E) EXTINGUISHMENT OF ANNUAL CHARGES.

THE MUNICIPAL AUTHORITY MAY PROVIDE TERMS FOR THE
EXTINGUISHMENT BY PROPERTY OWNERS OF ANNUAL FRONT-FOOT
BENEFIT CHARGES, IF THE EXTINGUISHMENT ARRANGEMENT PROVIDES
FOR THE NECESSARY PAYMENTS ON THE OUTSTANDING BONDS.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Article
43, § 413.

In subsection (a) of this section, the phrase "to
pay all or any part of the interest or principal
on or to retire any outstanding bonds issued
under Part II of this subtitle" is substituted
for "provide for the whole or any part of the
cost of construction, establishment, extensions
or alteration of any water supply, sewerage,
drainage or refuse disposal system" to state
expressly that which is implied elsewhere in this
section and in § 9-712 of this subtitle.

Also in subsection (a) of this section, the
former phrase "during the life of the bonds" is
deleted as unnecessary in light of the term
"outstanding bonds".

In subsection (b)(3) of this section, the former
phrase "as may become necessary" is deleted as
unnecessary.

Also in subsection (b)(3) of this section, the
phrase "within each classification" is added for
clarity.

In subsection (c)(1) (iii) of this section, the
phrase "on the classification of the property and
the benefit charges assessed against the
property" is new language added for clarity.

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LAWS OF MARYLAND