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Session Laws, 1999
Volume 796, Page 3034   View pdf image
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(2) IF ANY PROPERTY OF THE CORPORATION IS LEASED TO ANY PERSON,
THE LEASE MAY PROVIDE THAT ON CONVEYANCE OF THE PROPERTY, THE LESSEE OR
ANOTHER PERSON MAY OR SHALL PURCHASE OR OTHERWISE ACQUIRE THE
PROPERTY FOR CONSIDERATION ESTABLISHED BY THE CORPORATION.

5-1307. 5-1306.  

(A) THE CORPORATION PERIODICALLY MAY:

(1) FIX AND REVISE RATES OR CHARGES FOR THE USE OF THE SERVICES
OF THE CORPORATION;

(2) CHARGE AND COLLECT THE RATES AND CHARGES; AND

(3) (I) CONTRACT WITH ANY PERSON, PARTNERSHIP, ASSOCIATION,
OR CORPORATION DESIRING THE USE OF ANY OF THE SERVICES OF THE
CORPORATION; AND

(II) FIX THE TERMS, CONDITIONS, AND RATES OF CHARGES FOR

THAT USE.

(B) (1) THE RATES OR CHARGES OF THE CORPORATION ARE NOT SUBJECT
TO SUPERVISION OR REGULATION BY ANY OTHER COMMISSION, BOARD, BUREAU, OR
AGENCY OF THE STATE OR ANY POLITICAL SUBDIVISION.

(2) SUBJECT TO THE PROVISIONS OF ANY RESOLUTION, TRUST
INDENTURE, OR OTHER AGREEMENT RELATING TO BONDS OR TO THE
CORPORATION, THE CORPORATION MAY APPLY THE RATES, CHARGES, AND ALL
OTHER REVENUES THAT IT DERIVES TO ANY LAWFUL PURPOSE.

(C) THE NET EARNINGS OF THE CORPORATION, EXCEPT THOSE NECESSARY
TO PAY OBLIGATIONS OR TO IMPLEMENT THE PROGRAMS OF THE CORPORATION,
MAY NOT INURE TO THE BENEFIT OF ANY PERSON OTHER THAN CECIL COUNTY.

5-1308. 5-1307.

(A) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, THE
CORPORATION MAY NOT BE REQUIRED TO PAY ANY TAXES OR ASSESSMENTS ON ITS
PROPERTIES OR ACTIVITIES OR ON ANY REVENUES DERIVED FROM ITS PROPERTIES
OR ACTIVITIES.

(B) WHENEVER THE CORPORATION SELLS OR LEASES LAND OR FACILITIES TO
ANY PRIVATE ENTITY, THE LAND OR FACILITIES SHALL BE SUBJECT TO STATE AND
LOCAL PROPERTY TAXES FROM THE TIME OF THE SALE OR LEASE.

5-1309. 5-1308.

(A) (1) THE CORPORATION MAY PROVIDE FOR THE CREATION,
CONTINUATION, AND ADMINISTRATION OF ANY FUNDS IT MAY REQUIRE.

(2) MONEY IN THESE FUNDS AND OTHER MONEY OF THE CORPORATION
SHALL BE DEPOSITED, AS DIRECTED BY THE CORPORATION, IN ANY STATE OR

 

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Session Laws, 1999
Volume 796, Page 3034   View pdf image
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