|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 261
|
|
|
|
|
|
Martin O'Malley, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(C) THAT PORTION OF EXISTING BONDS, AS OF OCTOBER 1,
2007, THAT WAS ISSUED TO FUND THE COSTS OF REPAIR, REPLACEMENT AND,
WHERE APPROPRIATE, CONSTRUCTION OF EXISTING WATER SUPPLY OR SEWER
COLLECTION SYSTEMS AND BONDS ISSUED TO FUND THE COSTS OF CENTRAL
TREATMENT FACILITY CAPACITY ALLOCATED TO EXISTING SYSTEM USERS AS OF
OCTOBER 1, 2007.
(4) IN DETERMINING THE SYSTEM IMPROVEMENT CHARGE,
COSTS THE CAPITAL COSTS REFERRED TO IN SUBSECTION B.(3) OF THIS
SECTION SHALL INCLUDE THE PRINCIPAL OF, INTEREST ON, AND ANY
REDEMPTION PREMIUM OR OTHER COSTS WITH RESPECT TO ANY BONDS OF THE
COMMISSION ISSUED AFTER OCTOBER 1, 2007.
(5) (A) WHEN BONDS HAVE NOT BEEN ISSUED AT THE TIME THE
CAPITAL CONTRIBUTION CHARGE IS CALCULATED, IN CALCULATING THE
CAPITAL CONTRIBUTION CHARGE THE COMMISSION MAY ESTABLISH A
SCHEDULE FOR THE PRINCIPAL OF, INTEREST ON, AND OTHER COSTS OF BONDS
THE COMMISSION PLANS TO ISSUE IN ACCORDANCE WITH PARAGRAPH (4) OF
SUBSECTION H OF THIS SECTION.
(B) THE COMMISSION MAY ADJUST THE SCHEDULE AND
RELATED SYSTEM IMPROVEMENT CHARGE PROVIDED IN SUBPARAGRAPH (A) OF
THIS PARAGRAPH WHEN PLANNED FUTURE BONDS ARE ISSUED.
C. (1) WHEN COLLECTED, THE SYSTEM IMPROVEMENT CHARGES
SHALL BE PLACED BY THE COMMISSION INTO AN INTEREST-BEARING ACCOUNT
CONTAINING ALL OF THE SYSTEM IMPROVEMENT CHARGES COLLECTED,
NOTWITHSTANDING THE SANITARY DISTRICT FROM WHICH THE CHARGE WAS
COLLECTED.
(2) THE SYSTEM IMPROVEMENT CHARGES, TOGETHER WITH ANY
INTEREST ACCRUED ON THE CHARGES, SHALL REMAIN IN THE GENERAL
ACCOUNT, TO BE ACCESSED AND USED BY THE COMMISSION ON AN AS-NEEDED
BASIS TO FUND THE COSTS OF ANY EXTENSIVE SYSTEM REPAIR AND
REPLACEMENT AND CENTRAL FACILITY UPGRADE, AS DESCRIBED IN
SUBSECTION B OF THIS SECTION, IN ANY SANITARY DISTRICT WITHIN WHICH A
SYSTEM REPAIR OR REPLACEMENT MAY BE NEEDED.
D. (1) WHEN THE COMMISSION DETERMINES THE APPROPRIATE
SYSTEM IMPROVEMENT CHARGE FOR A GIVEN PROPERTY, THE COMMISSION
|
|
|
|
|
|
|
|
|
|
- 1733 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
