WILLIAM DONALD SCHAEFER, Governor Ch. 815

addition, the trust agreement may contain other provisions which
the board of directors deems reasonable and proper for the
security of the bondholders, including, without limitation,
covenants to abandon, restrict, or prohibit the construction or
operation of competing facilities and covenants pertaining to the
issuance of additional parity bonds OR NOTES upon conditions
stated therein consistent with the requirements of this subtitle.
All expenses incurred in carrying out the provisions of any trust
agreement may be treated as a part of the cost of the operation
of any project or projects in connection with which the bonds OR
NOTES have been issued.

(b) The proceeds of the sale of bonds OR NOTES secured by a
trust agreement shall be paid to the trustee under the trust
agreement securing the bonds OR NOTES and shall be disbursed in
the manner and under the restrictions, if any, that may be
provided in the trust agreement.

[3-119.] 3-118.

(a)  The Service may fix, revise, charge, and collect
rentals, rates, fees or other charges for the use of or for the
services furnished by any project or projects, contract with any
person or municipality desiring the use of the services or any
part of any project or projects, and fix the terms, conditions,
rentals, rates, fees, and charges therefor. The rentals and other
rates, fees and charges designated as security for any bonds OR
NOTES issued under this subtitle shall be fixed and adjusted in
respect of the aggregate thereof from the projects under the
control of the Service as to provide funds sufficient with other
revenues, if any, (1) to pay the cost of maintaining, repairing,
and operating any project or projects financed in whole or in
part by outstanding bonds OR NOTES, to the extent the cost is not
otherwise provided, (2) to pay the principal of and the interest
on the bonds OR NOTES as they become due and payable, (3) to
create reserves for those purposes, and (4) to provide funds for
paying the cost of renewals or replacements, the cost of
acquiring or installing equipment, and the cost of enlarging,
extending, reconstructing, or improving any project or projects.
The rentals, rates, fees, and charges are not subject to
supervision or regulation by any unit of the State government or
any political subdivision, except as provided in [§ 3-130] §
3-128 of this subtitle.

(b)  The rentals, rates, fees, and other charges and
revenues, or any part thereof, whether derived from the project
or projects in connection with which the bonds OR NOTES of any
issue have been issued or from other projects, designated as
security for the bonds OR NOTES by the authorizing resolution or
in the trust agreement securing the bonds OR NOTES, shall be set
aside at the regular intervals provided in the resolution or
trust agreement in a sinking fund pledged to, and charged with,
the payment of (1) the interest on the bonds OR NOTES as it falls

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