WILLIAM DONALD SCHAEFER, Governor                            Ch. 523

(1)      GIVE NOTICE OF THE PROPOSED ESTABLISHMENT OR
MODIFICATION IN AT LEAST ONE NEWSPAPER CIRCULATED IN WASHINGTON
COUNTY; AND

(2)      CONDUCT A PUBLIC HEARING ON THE NECESSITY OR ADVISABILITY
OF THE PROPOSED ESTABLISHMENT OR MODIFICATION OF FEES, RATES, CHARGES,
LEVIES, OR ASSESSMENTS.

6-309.

(A)     ALL UNPAID ALLOCATION FEES, WATER CHARGES, SEWERAGE CHARGES,
PENALTIES, AND ASSESSMENTS, WHETHER BILLED OR UNBILLED, CONSTITUTE A
LIEN AGAINST THE PROPERTY SERVED.

(B)      THE RECORD OF UNPAID CHARGES MAINTAINED AT THE OFFICE OF THE
DISTRICT CONSTITUTES PUBLIC NOTICE OF THE LIENS.

6-310.

THE RIGHT OF THE DISTRICT TO COLLECT ALL CHARGES IMPOSED UNDER
THIS SECTION MAY NOT BE BARRED BY ANY STATUTE OF LIMITATIONS.

6-311.

ALL CHARGES ESTABLISHED UNDER THIS SECTION MAY NOT BE SUBJECT TO
REVIEW, REGULATION, OR CONTROL BY THE COUNTY OR BY THE STATE,
INCLUDING THE PUBLIC SERVICE COMMISSION OF MARYLAND.

SUBTITLE 4. BONDS

6-401.

(A) (1). FOR THE PURPOSE OF PAYING THE COST OF A PROJECT OR
PROJECTS IN ONE OR MORE SUBDISTRICTS, THE DISTRICT MAY BORROW MONEY.
THE DISTRICT MAY EVIDENCE THAT BORROWING BY THE ISSUANCE OF ITS BONDS,
WHICH SHALL BE UNCONDITIONALLY GUARANTEED AS TO PAYMENT OF PRINCIPAL
AND INTEREST BY THE COUNTY, IN THE MANNER SET FORTH IN THIS SECTION. THE
DISTRICT MAY NOT ISSUE THESE BONDS IF, BY THEIR ISSUANCE, THE TOTAL UNPAID
BONDED INDEBTEDNESS OF THE DISTRICT, LESS THE AMOUNT OF ANY SINKING
FUNDS OR RESERVES FOR PAYMENT OF BONDS PREVIOUSLY ISSUED, EXCEEDS 25
PERCENT OF THE TOTAL ASSESSED VALUATION OF ALL OF THE PROPERTY IN THE
DISTRICT THAT IS SUBJECT TO COUNTY TAXATION DURING THE COUNTY'S MOST
RECENT FISCAL YEAR.

(2) THE COMMISSION SHALL SPECIFY THE DATE OF EACH ISSUE, ITS
INTEREST RATE, AND ITS DATE OF MATURITY. WHILE THE DATE OF MATURITY MAY
NOT EXCEED 40 YEARS, THE COMMISSION MAY MAKE IT REDEEMABLE BEFORE
MATURITY AT PRICES AND UNDER TERMS AND CONDITIONS THAT THE COMMISSION
FIXES BEFORE THE ISSUANCE OF THE BONDS. THE COMMISSION SHALL DETERMINE
THE FORM OF THE BONDS, INCLUDING ANY INTEREST COUPONS TO BE ATTACHED

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