Ch. 562                                     1993 LAWS OF MARYLAND

CHAPTER 562
(House Bill 890)

AN ACT concerning

Washington Suburban Sanitary District - Bond Issue - Water

MC/PG 18-93

FOR the purpose of authorizing the issuance of bonds for the Washington Suburban
Sanitary District in an amount not exceeding $31,000,000 for enlarging, increasing,
and augmenting the water supply and major distribution facilities of the Sanitary
District; providing for the issuance of bonds for the Sanitary District in an amount
not exceeding $5,000,000 for specifically increasing the capacity of the water supply
and major distribution facilities of the Sanitary District; providing that the bonds
shall be guaranteed as to payment of principal and interest by the County Council of
Montgomery County and the County Council of Prince George's County, or the
governing body for each county, respectively, as may be provided by law or
instrument of Charter, with a provision for waiver of the guarantee at the option of
the Commission; providing for the payment of the bonds and the interest on the
bonds by levy or taxes against assessable property within the Sanitary District;
providing for the collection of water service charges; and providing for the
ratification and confirmation of any guarantee made by the County Council of
Montgomery County and the County Council of Prince George's County, or the
governing body for each county, respectively, as may be provided by law or
instrument of Charter, of any water supply bonds of the Washington Suburban
Sanitary District heretofore issued; and requiring the WSSC to prepare and submit
certain reports; and prohibiting the WSSC from implementing a certain rate
increase under certain circumstances.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Washington Suburban Sanitary Commission, created by Chapter
122 of the Acts of the General Assembly of Maryland of 1918, be and it is hereby
authorized and empowered to issue bonds of the Washington Suburban Sanitary District
in an aggregate principal amount not exceeding $31,000,000 which bonds shall be in
addition to any bonds authorized to be issued under Chapter 122 of the Acts of 1918, or
any amendments thereof, or under any other Act of the General Assembly of Maryland,
and shall be fully registered bonds without coupons in a form that the Commission deems
necessary or desirable, in such denomination or denominations as shall be determined by
the Commission, and shall bear interest at such rate or rates annually as the Commission
determines to be advantageous to the Sanitary District and otherwise in the public
interest, payable semiannually, and shall be retired serially, the last bond to be retired not
later than 40 years from the date of issue. The Commission may offer for sale and issue
such bonds, from time to time, as its necessity requires. The bonds shall be executed and
issued under the same provisions, limitations, and restrictions applicable to the bonds
issued by the Commission under the provisions of Chapter 122 of 1918, as amended,
except that the bonds may not be subject to the limitation in Chapter 122 of 1918, as
amended, on the amount of bonds that may be issued and may not be included in

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