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§ 2-401. Definitions

West's Annotated Code of MarylandState Finance and Procurement

West's Annotated Code of Maryland
State Finance and Procurement
Division I. State Finance [Titles 1-10a] (Refs & Annos)
Title 2. General Provisions (Refs & Annos)
Subtitle 4. Water and Sewerage Systems (Refs & Annos)
MD Code, State Finance and Procurement, § 2-401
§ 2-401. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Annual operating costs
(b) “Annual operating costs” include the cost of:
(1) the production, treatment, pumping, storage, transmission, and distribution of water and the maintenance and repair of equipment associated with these functions;
(2) the collection, pumping, transmission, and treatment of wastewater, and the maintenance and repair of equipment associated with these functions;
(3) administrative overhead;
(4) debt service;
(5) depreciation; and
(6) servicing customer accounts.
Lateral system construction costs
(c) “Lateral system construction costs” include:
(1) any cost necessary to plan, design, acquire, construct, inspect, test, and put into operation the lateral system to serve a State facility; and
(2) any indirect cost incurred by the local jurisdiction that is necessary to construct water and sewer lines.

Credits

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985.
Formerly Art. 78A, § 54.
MD Code, State Finance and Procurement, § 2-401, MD STATE FIN & PROC § 2-401
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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