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Ch. 261
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Martin O'Malley, Governor
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N. (1) ALL SYSTEM IMPROVEMENT CHARGES COLLECTED BY THE
COMMISSION SHALL BE SET ASIDE IN A SEPARATE FUND TO BE KNOWN AND
DESIGNATED AS THE "METROPOLITAN DISTRICT ACCOUNT."
(2) IN ORDER TO DETERMINE THE AMOUNT WHICH IT CONSIDERS
NECESSARY TO BE IMPOSED UNDER § 113-7 OF THIS CHAPTER, THE
COMMISSION SHALL DEDUCT THE AMOUNT IT ESTIMATES THAT IT WILL BE ABLE
TO COLLECT FROM THE SYSTEM IMPROVEMENT CHARGES AND OTHER CHARGES
PREVIOUSLY IMPOSED BY IT, BUT NOT YET PAID AND TO BE SET ASIDE FOR THE
INTEREST AND PRINCIPAL PAYMENTS AND THE AMOUNT OF FUNDS THEN
AVAILABLE FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND INTEREST ON
OUTSTANDING BONDS, FROM THE WHOLE AMOUNT NECESSARY TO BE RAISED IN
ANY ONE (1) YEAR FOR INTEREST AND PRINCIPAL PAYMENTS ON OUTSTANDING
BONDS.
(3) THE BALANCE THEN REMAINING TO BE RAISED SHALL BE THE
AMOUNT TO BE CERTIFIED TO THE COUNTY COMMISSIONERS OF ST. MARY'S
COUNTY FOR COLLECTION BY TAXATION AS PROVIDED BY § 113-7 OF THIS
CHAPTER.
O. (1) IF THE STATE, COUNTY, OR ANY MUNICIPAL CORPORATION,
COMMISSION, BOARD, OR AGENCY OF THE STATE OR COUNTY ACQUIRES FOR
PUBLIC USE PROPERTY THAT IS SUBJECT TO A SYSTEM IMPROVEMENT CHARGE
LEVIED BY THE ST. MARY'S COUNTY METROPOLITAN COMMISSION, THE
SYSTEM IMPROVEMENT CHARGE SHALL BE PAID THROUGH THE DATE OF
ACQUISITION AND EXTINGUISHED THEREAFTER.
(2) IF THE PROPERTY IS ACQUIRED AS PROVIDED IN THIS
SECTION WITHOUT EMINENT DOMAIN PROCEEDINGS, THE AMOUNT NECESSARY
TO PAY THE SYSTEM IMPROVEMENT CHARGE THROUGH THE DATE OF
ACQUISITION SHALL BE PAID TO THE COMMISSION BEFORE THE DEED
EVIDENCING THE TRANSFER MAY BE RECORDED AMONG THE LAND RECORDS OF
ST. MARY'S COUNTY.
(3) IF THE PROPERTY IS ACQUIRED THROUGH EMINENT DOMAIN
PROCEEDINGS, THE COMMISSION SHALL BE NAMED A PARTY TO THE
PROCEEDINGS, AND THE JURY SHALL MAKE A SEPARATE AWARD IN FAVOR OF
THE COMMISSION FOR THE SUM REQUIRED TO PAY THE SYSTEM IMPROVEMENT
CHARGE THROUGH THE DATE OF ACQUISITION.
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- 1743 -
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