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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 21. SPECIAL TAXING DISTRICTS |
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SUBTITLE 6. STORMWATER MANAGEMENT DISTRICTS -- MONTGOMERY AND PRINCE GEORGE'S COUNTIES |
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PART IV. FUNDING |
§ 21-628. Takoma Park stormwater management fund
Latest version.
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(a) Requirement to establish fund. -- The City of Takoma Park shall:
(1) establish a stormwater management fund; and
(2) deposit in the fund:
(i) receipts and revenues from any ad valorem tax, user charge, or utility fee imposed under § 21-625 of this subtitle; and
(ii) charges, fees, fees-in-lieu, and other contributions received from any person or governmental unit in connection with stormwater management activities or practices.
(b) Uses of fund. -- Money in the Takoma Park stormwater management fund shall be used only to pay for the costs of stormwater management as set forth in § 21-625(a) of this subtitle.