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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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PUBLIC UTILITIES |
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DIVISION II. WASHINGTON SUBURBAN SANITARY COMMISSION. |
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TITLE 22. BONDS AND NOTES |
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SUBTITLE 1. GENERAL OBLIGATION BONDS AND NOTES. |
§ 22-112. Bond payment
Latest version.
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The amount of water service charges and sewer usage charges collected each year for the payment of principal and interest due on outstanding bonds shall be deducted from the amount that the Commission has determined is necessary to be raised by an ad valorem tax on certification to the county councils of Montgomery County and Prince George's County.