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§ 9-660. Disposition of proceeds of benefit assessments

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 6. Sanitary Commissions
Part VI. Operation of Districts
MD Code, Environment, § 9-660
§ 9-660. Disposition of proceeds of benefit assessments
Currentness
“District account” defined
(a) In this section, “district account” means the account maintained by a sanitary commission in accordance with this section.
Credit to district account
(b) A sanitary commission shall:
(1) Maintain a district account; and
(2) Credit to the district account all proceeds from the benefit assessments levied under this subtitle.
Payment of bond principal and interest
(c) The sanitary commission shall use funds in the district account to pay the principal and interest on the bonds for which the benefit assessment was levied.

Credits

Added by Acts 1982, c. 240, § 2.
Formerly Art. 43, § 662.
MD Code, Environment, § 9-660, MD ENVIR § 9-660
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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