WILLIAM DONALD SCHAEFER, Governor                   Ch. 685

(3)  THE PRINCIPAL AND INTEREST WHICH SHALL BECOME DUE
AND OWING TO THE BONDHOLDERS DURING THE ENSUING YEAR AND THE
PROPORTIONATE PART OF THE PRINCIPAL OF ALL OUTSTANDING SINKING
FUND BONDS, AS DETERMINED BY THE TABLE OF REDEMPTION OF BONDS FOR
BONDS ISSUED BY THE COUNTY FOR STORMWATER MANAGEMENT UNDER THIS
SUBTITLE; AND

(4)  THE COST OF STORMWATER MANAGEMENT ACTIVITIES AND
PRACTICES IN THE DISTRICT, AS APPROVED IN THE COUNTY'S ANNUAL
STORMWATER MANAGEMENT BUDGET AND APPROPRIATIONS RESOLUTION FOR
THE ENSUING FISCAL YEAR.

(B)  THE WSSC SHALL CERTIFY ANNUALLY TO EACH COUNTY THE
AMOUNT NECESSARY TO PRODUCE THE SUM REQUIRED TO PAY THE
PRINCIPAL, INTEREST, AND OTHER OBLIGATIONS FOR THE CURRENT YEAR
ON THE OUTSTANDING BONDS ISSUED BY THE WSSC BEFORE JULY 1, 1987,
TO PAY FOR STORMWATER MANAGEMENT PROJECTS WITHIN THEIR STORMWATER
MANAGEMENT DISTRICTS, AND THE COUNTY SHALL PAY THE AMOUNT SO
CERTIFIED.

(C)  (1) THE TAXES AUTHORIZED BY THIS SECTION SHALL BE
LEVIED AND COLLECTED IN THE SAME MANNER, HAVE THE SAME PRIORITY,
BEAR THE SAME INTEREST, AND BE TREATED IN ALL RESPECTS AS OTHER
COUNTY TAXES.

(2) HOWEVER:

(I)  NOTWITHSTANDING ANY PROVISION OF CHARTER OR
LAW, THE TAXES MAY NOT BE SUBJECT TO ANY LIMITATION ON THE TAX
RATE OR TAX REVENUES OF THE COUNTY;

(II)  THE TAX REVENUES SHALL BE DEPOSITED AND
MAINTAINED IN A SEPARATE STORMWATER MANAGEMENT FUND ESTABLISHED
UNDER THIS SECTION; AND

(III)  THE TAX REVENUES DEPOSITED IN THE FUND
SHALL BE IN ADDITION TO ALL OTHER COUNTY TAXES AND MAY NOT BE
CONSIDERED COUNTY TAXES FOR THE PURPOSE OF APPLYING THE
LIMITATIONS IN ARTICLE VIII, § 817B OF THE PRINCE GEORGE'S COUNTY
CHARTER.

(D)  PROPERTY OWNED BY THE STATE OR AN AGENCY OF THE STATE,
A COUNTY, A MUNICIPALITY, OR A REGULARLY ORGANIZED VOLUNTEER FIRE
DEPARTMENT THAT IS USED FOR PUBLIC PURPOSES SHALL BE EXEMPT FROM
THE TAX IMPOSED UNDER THIS SECTION.

(E)  PROPERTY WHICH IS NOT YET WITHIN A STORMWATER
MANAGEMENT AREA OR IS NOT YET OTHERWISE PROVIDED DIRECT OR
INDIRECT STORMWATER MANAGEMENT SERVICES IN THE STORMWATER
MANAGEMENT DISTRICT MAY NOT HAVE THE TAX IMPOSED UNTIL THE COUNTY
ACQUIRES, EXTENDS, OR COMMENCES THE STORMWATER MANAGEMENT
SERVICES, FACILITIES, OR PROGRAMS TO THE PROPERTY.

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