HARRY HUGHES, Governor                              2405

SUBDIVISIONS, OR BY ANY TOWN OR INCORPORATED MUNICIPALITY OR
ANY OTHER PUBLIC AGENCY IN THIS STATE.

REVISOR'S NOTE: This section formerly appeared as
Article 43, § 454.

The only changes are in style.

9-911. RATES, FEES, AND CHARGES.

(A)  SUFFICIENCY FOR EACH PROJECT.

THE RATES, FEES, AND CHARGES OF EACH AUTHORITY IN
CONNECTION WITH EACH PROJECT SHALL BE SET AND REVISED SO AS
TO PROVIDE FUNDS THAT, WITH OTHER FUNDS AVAILABLE FOR THOSE
PURPOSES, ARE SUFFICIENT AT ALL TIMES:

(1) TO PAY THE COST OF MAINTAINING, REPAIRING,
AND OPERATING THE PROJECT ON ACCOUNT OF WHICH THE AUTHORITY
HAS ISSUED REVENUE BONDS AS AUTHORIZED BY THIS SUBTITLE,
INCLUDING RESERVES FOR THOSE PURPOSES AND FOR REPLACEMENT
AND DEPRECIATION AND NECESSARY EXTENSIONS;

(2) TO PAY THE PRINCIPAL OF AND INTEREST ON THE
REVENUE BONDS AS THEY BECOME DUE AND PAYABLE AND TO CREATE
RESERVES AND PROVIDE A MARGIN OF SAFETY FOR THOSE 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 THE MUNICIPALITY OR MUNICIPALITIES
INCORPORATING, OR THE. MUNICIPALITIES THAT ARE MEMBERS OF,
THE AUTHORITY, OR WITH ANY MUNICIPALITY SERVED OR TO BE
SERVED BY THE AUTHORITY.

(B)  CHARGES FOR SERVICES OF WATER SYSTEM AND SEWERAGE
SYSTEM.

AN AUTHORITY MAY SET RATES, FEES, AND CHARGES FOR THE
SERVICES AND FACILITIES OF ITS WATER SYSTEM SUFFICIENT TO
PAY ALL OR ANY PART OF THE COST OF MAINTAINING, REPAIRING,
AND OPERATING ITS SEWERAGE SYSTEM AND ALL OR ANY PART OF THE
PRINCIPAL OF AND INTEREST ON REVENUE BONDS ISSUED ON ACCOUNT
OF THE SEWERAGE SYSTEM, AND TO PLEDGE ANY SURPLUS REVENUES
OF ITS WATER SYSTEM, SUBJECT TO PRIOR PLEDGES OF SURPLUS
REVENUES, FOR THOSE PURPOSES. RATES, FEES, AND CHARGES FOR
THE SERVICES OF A SEWERAGE SYSTEM MAY BE BASED OR COMPUTED
ON THE QUANTITY OF WATER USED, ON THE AMOUNT OF THE WATER
BILL, ON THE NUMBER AND SIZE OF SEWER CONNECTIONS, ON THE
NUMBER AND KIND OF PLUMBING FIXTURES IN USE IN THE PREMISES
CONNECTED WITH THE SEWERAGE SYSTEM, ON THE NUMBER OR AVERAGE
NUMBER OF PERSONS RESIDING OR WORKING IN OR OTHERWISE
CONNECTED WITH THE PREMISES CONNECTED WITH THE SEWERAGE
SYSTEM, ON THE TYPE OR CHARACTER OF THE PREMISES CONNECTED
WITH THE SEWERAGE SYSTEM, ON ANY OTHER FACTOR AFFECTING THE