WILLIAM DONALD SCHAEFER, Governor                   Ch. 685

[(f)] (D) [The WSSC] PRINCE GEORGE'S COUNTY may accept
contributions from the United States, the District of Columbia,
this State, [Prince George's County,] Montgomery County, any
municipality, special taxing area, or any other person if in the
[WSSC's] COUNTY'S opinion, the contribution may be advantageous
in the construction of any project under this section.

(E) THIS SECTION DOES NOT AFFECT THE OBLIGATION OF THE CITY
OF BOWIE WITH RESPECT TO THE PAYMENT OF OUTSTANDING ANACOSTIA
RIVER BASIN FLOOD CONTROL BONDS OR THE INTEREST ON THOSE BONDS.

13-102.

[(a) If receipts from tax collection are inadequate to pay
the principal or interest on any bonds issued under Chapter 522
of the Acts of the General Assembly of Maryland of 1953 the WSSC
shall borrow money in anticipation of the taxes to pay the
principal and interest on bonds due or to become due.

(b)  (1) Negotiable notes shall be issued from all money
borrowed and may be renewed.

(2)  Notwithstanding the provisions of Article 31 of
the Code, the notes may be disposed of in any manner that the
WSSC determines.

(3)  However, there may not be outstanding at any one
time any note in excess of the amount necessary to pay the
principal and interest on bonds issued under Chapter 522 of the
Acts of the General Assembly of 1953.

(c)  All notes shall be authorized by resolution of the
WSSC, which shall fix:

(1)  The actual or maximum amount of the notes;

(2)  The actual or maximum rate of interest to be paid
on the amount borrowed; and

(3)  The actual or approximate maturity of the notes.

(d)  The WSSC shall determine the form and manner of
execution of the notes.

(e)  The funds authorized to be borrowed under this section
shall be used exclusively for the purpose described in this
section.

(f)  (1) The WSSC shall administer, maintain, and operate
flood control and navigation projects.

(2) The Prince George's County Council shall levy
annually on all of the property assessed for county tax purposes

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