§ 25-402. Imposition of system development charge

   (a) In general. -- In addition to any other charges authorized under this division, the Commission may impose a system development charge that shall be paid by an applicant for new service.

(b) Method of payment. -- The system development charge shall be paid as follows:

   (1) for residential properties:

      (i) 50% at the time the plumbing permit application is filed; and

      (ii) 50% within 12 months after the earlier of the date on which a plumbing permit application is filed or on transfer of title to the property; and

   (2) for other properties, 100% at the time the plumbing permit application is filed.

(c) Security. -- When the applicant files the plumbing permit application, the applicant shall deposit with the Commission security:

   (1) in the form of an irrevocable letter of credit;

   (2) in the form of a financial guaranty bond; or

   (3) in a form the Commission establishes and approves under its regulations.

HISTORY: An. Code 1957, art. 29, § 6-113(b); 2010, ch. 37, § 3.