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§ 9-811. Sewerage facilities to be self-supporting

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 8. Sewerage Facilities Bond Act
MD Code, Environment, § 9-811
§ 9-811. Sewerage facilities to be self-supporting
Currentness
Rates and charges
(a) To assure that each sewerage facility always remains self-supporting, the governing body of a municipality that issues bonds under this subtitle shall set, collect, and whenever necessary revise reasonable rates, fees, benefit assessments, or charges for the services, facilities, and commodities of the sewerage facility.
Revenue and reserves
(b) The rates, fees, benefit assessments, or charges shall be set so as to produce revenue and reserves that are at least sufficient:
(1) To pay, when due, all bonds and the interest on the bonds, for the payment of which the revenue is pledged, charged, or otherwise encumbered; and
(2) To provide for all expenses of operation and maintenance of the sewerage facility.

Credits

Added by Acts 1982, c. 240, § 2. Amended by Acts 1988, c. 6, § 1.
Formerly Art. 43, § 436.
MD Code, Environment, § 9-811, MD ENVIR § 9-811
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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