reglab/housing_qa huggingface dataset:
MD. Public Utilities Code Ann. §  22-106 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-106 - Repayment of Bonds

    (a)    (1)    To retire and pay the interest on bonds issued under this subtitle, each year the county councils of Montgomery County and Prince George’s County shall impose against the assessable property that is in the sanitary district a tax sufficient to pay the principal of and interest on the bonds, as and when due and until paid in full.        (2)    The tax is to be determined, imposed, collected, and paid over to the Commission as provided in this section.        (3)    Each year the Commission shall determine the amount necessary to pay the principal and interest on bonds issued to provide funds for the construction, remodeling, enlargement, or replacement of any office or operating building.        (4)    (i)    The Commission shall set aside the amount determined under paragraph (3) of this subsection from water service charges, sewer usage charges, house connection charges, and any other charges imposed by the Commission as the Commission determines to be fair and equitable.            (ii)    The amount set aside shall be deducted from the amount that the Commission determines to be necessary to be raised by direct taxation under this section on certification to the county councils of Montgomery County and Prince George’s County.    (b)    At least 30 days before the taxable year for property taxes, the county executives of Montgomery County and Prince George’s County shall certify to the Commission the total valuation of assessable property within the sanitary district in each county.    (c)    (1)    The Commission shall determine the amount necessary, for the next taxable year, to pay:            (i)    interest on all outstanding bonds;            (ii)    principal of all serial bonds maturing during the year; and            (iii)    the proportionate part of principal of all outstanding sinking fund bonds as determined by the usual table of redemption of bonds by annual deposit in a sinking fund on interest.        (2)    After deducting all amounts in hand applicable to payment of interest and principal on the bonds, the Commission shall certify to the county councils of Montgomery County and Prince George’s County the number of cents per $100 necessary to raise the amount determined under paragraph (1) of this subsection.    (d)    (1)    Each year the county councils of Montgomery County and Prince George’s County shall impose a tax in the amount determined under subsection (c)(1) of this section on all assessable property within the sanitary district.        (2)    The taxes imposed under this section shall:            (i)    have the same status as county taxes; and            (ii)    be imposed and collected by the tax collecting authority for each county as county taxes.    (e)    Every 60 days, each county shall pay to the Commission the taxes collected under this section.
MD. Public Utilities Code Ann. §  22-107 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-107 - Current Bond Fund

    (a)    (1)    The amount collected by the Commission for benefits imposed against property for water supply and sewer construction under Title 25, Subtitle 2 of this article shall be set aside in a separate fund known as the Current Bond Fund.        (2)    (i)    The Current Bond Fund shall be used to pay interest on all outstanding bonds.            (ii)    The balance of the Current Bond Fund shall be prorated monthly and applied to:                1.    the payment of the principal of maturing serial bonds; and                2.    the payment into the joint Sinking Fund Account, as provided under § 22–108 of this subtitle, of the proportionate part of the principal of outstanding sinking fund bonds as the outstanding par value of both types of bonds bear to each other.    (b)    To determine the amount necessary to be imposed under § 22–106 of this subtitle, the Commission shall deduct the amount to its credit in the Current Bond Fund account from the amount necessary to be raised in any 1 year for interest on all outstanding bonds.
MD. Public Utilities Code Ann. §  22-108 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-108 - Distribution of Funds

    (a)    (1)    From the money received from the taxes imposed under § 22–106 of this subtitle together with the amount in hand to the credit of the Current Bond Fund or the amount applicable to the payment of interest and principal on the bonds, the Commission shall:            (i)    pay all interest on the bonds as and when due; and            (ii)    pay or reserve a sufficient amount of money to pay the serial bonds becoming due during the taxable year.        (2)    After making the distributions required under paragraph (1) of this subsection, the Commission shall deposit in one or more banks in Montgomery County or Prince George’s County, to the credit of both counties and the Commission, as a joint fund to be known as the Sinking Fund Account, the amount raised for the payment of the proportionate part of the principal of the sinking fund bonds.    (b)    The Commission and Montgomery County and Prince George’s County shall invest money in the Sinking Fund Account in any bonds in which the U.S. Treasury Department authorizes national banks to invest savings or trust funds.    (c)    If receipts from the tax or other sources are inadequate to pay the principal of the serial bonds becoming due during the taxable year and to deposit the principal payment on the sinking fund bonds, the deficiency shall be added to and collected in the following year’s tax levy.    (d)    Before the first taxable year for property taxes, the Commission may pay the interest on any bonds it issues out of the proceeds of the sale of the bonds.
MD. Public Utilities Code Ann. §  22-109 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-109 - Performance of Acts Required

    To ensure the prompt payment of interest and provision for the payment of the principal on bonds issued under this subtitle:        (1)    the prompt and proper performance of the acts required under §§ 22–106 and 22–108 of this subtitle is specially enjoined; and        (2)    a person who is required to act under §§ 22–106 and 22–108 of this subtitle:            (i)    shall perform the acts required under those sections;            (ii)    shall pay over any funds as required under those sections; and            (iii)    may not use any part of the funds for any other purpose than for the payment of principal and interest on the bonds.
MD. Public Utilities Code Ann. §  22-110 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-110 - Anticipation Loans

    (a)    (1)    Subject to paragraph (2) of this subsection, the Commission may borrow money in anticipation of taxes, sale of bonds, or other revenue of the fiscal year in which the loan is made or the next succeeding fiscal year to:            (i)    pay the principal and interest of bonds due or to become due within 4 months;            (ii)    pay the interest becoming due on any bonds within 4 months and not otherwise adequately provided for; or            (iii)    meet payments required to be made to employees and laborers and not otherwise provided for.        (2)    The loan shall be payable not later than the end of the fiscal year after the year in which the loan is made.    (b)    (1)    The Commission shall issue negotiable notes for all money borrowed under subsection (a) of this section.        (2)    The notes may be renewed and money may be borrowed on new notes to pay any indebtedness.        (3)    The notes and loans shall mature within the time limit for the payment of the original loan.        (4)    The Commission shall authorize, by resolution, the notes and set:            (i)    the actual or maximum face amount of the notes;            (ii)    the actual or maximum rate of interest to be paid on the amount borrowed; and            (iii)    the actual or approximate maturity of the notes.        (5)    The Commission shall determine the form and manner of execution of the notes.    (c)    (1)    Subject to paragraph (2) of this subsection, the Commission may determine the manner in which the notes may be disposed of.        (2)    The aggregate amount of notes outstanding at any one time may not exceed an amount equal to the total principal of and interest on bonds of the sanitary district due and payable in the fiscal year in which the notes are issued.
MD. Public Utilities Code Ann. §  22-111 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-111 - Water Service Charge

    Each year the Commission shall:        (1)    determine the amount necessary to pay the principal and interest requirements of the bonds; and        (2)    set the water service charge of the sanitary district at a rate sufficient to pay:            (i)    the cost of the service; and            (ii)    the requirements of bonds, issued and outstanding, that are to be paid out of the water service.
MD. Public Utilities Code Ann. §  22-112 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 1 - General Obligation Bonds and Notes|Section 22-112 - Bond Payment

    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.
MD. Public Utilities Code Ann. §  22-201 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-201 - Construction, Application, and Purpose of Subtitle

    (a)    This subtitle shall be liberally construed to carry out its purposes.    (b)    The purpose of this subtitle is to authorize the Commission to issue bonds in a manner that provides flexibility without imposing additional debt burdens on the assessable tax base of the sanitary district, so as to yield overall savings to the residents of the sanitary district.    (c)    This subtitle does not apply to debt issued by the Commission under Subtitle 1 of this title.
MD. Public Utilities Code Ann. §  22-202 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-202 - Issuance and Sale of Bonds

    (a)    The Commission may issue and sell revenue bonds to finance or refinance any of the Commission’s costs of a project authorized under this division.    (b)    (1)    Revenue bonds may finance:            (i)    necessary expenses of preparing, printing, selling, and issuing the bonds;            (ii)    funding of reserves;            (iii)    payment of interest related to financing a project in the amounts and for the period that the Commission determines; and            (iv)    initial program development costs.        (2)    Commission funding sources, other than revenue bond proceeds, may finance initial program development costs or other project costs only if those costs are reimbursed from project revenues.    (c)    (1)    The Commission may issue bonds under this subtitle only if the Commission authorizes the issuance by resolution.        (2)    The resolution may authorize one or more officers of the Commission to determine or specify by bond order the matters that this subtitle requires to be determined or specified, or as may be necessary or advisable to accomplish the purposes of this subtitle.    (d)    Bonds issued under this subtitle, and their principal, interest, and any premium:        (1)    are limited obligations of the Commission;        (2)    are payable solely from the revenues identified in the authorizing resolution or from other money made available for the payment; and        (3)    do not constitute a pledge of the faith and credit of the Commission or of any entity with taxing power.    (e)    (1)    (i)    Except as provided in subparagraph (ii) of this paragraph, bonds issued under this subtitle shall be dated, bear interest, and mature at the time that the Commission determines.            (ii)    The bonds shall mature no later than 50 years after their date of issue.        (2)    The bonds may bear interest at variable rates of interest, in a manner and amounts that the Commission determines.        (3)    The bonds shall be payable in the manner and at the times and places that the Commission determines.        (4)    The bonds may be made redeemable before maturity at the option of the Commission at a price and under terms and conditions that the Commission determines.        (5)    (i)    The Commission shall determine the forms and manner of execution of the bonds.            (ii)    The bonds may be executed by facsimile signature.        (6)    If an officer whose signature appears on a bond ceases to be an officer before the bond is delivered, the signature of the officer is valid and sufficient as if the officer had remained in office until delivery.
MD. Public Utilities Code Ann. §  22-203 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-203 - Negotiability

    Bonds issued under this subtitle are negotiable instruments under the laws of the State.
MD. Public Utilities Code Ann. §  22-204 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-204 - Manner and Price of Sale

    (a)    The Commission may sell bonds issued under this subtitle:        (1)    at public or private sale; and        (2)    in a manner and for a price that the Commission determines to be in the best interests of the Commission.    (b)    Sections 19–205 and 19–206 of the Local Government Article do not apply to the issuance and sale of bonds authorized by this subtitle.
MD. Public Utilities Code Ann. §  22-205 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-205 - Proceeds

    (a)    The proceeds of each bond issuance under this subtitle shall be used solely for the projects for which the bonds were issued.    (b)    The proceeds shall be distributed in the same manner and under any restrictions stated in:        (1)    the authorizing resolution of the Commission; or        (2)    the trust agreement securing the bonds.    (c)    (1)    If the proceeds of the bonds are less than the cost of the project for which the bonds were issued, by resolution, the Commission may issue and sell additional bonds in the same manner as the earlier issue to fund the amount of the deficit.        (2)    Unless otherwise provided in the authorizing resolution or in the trust agreement securing the bonds, the additional bonds shall be:            (i)    considered to be of the same issue as the earlier issue; and            (ii)    entitled to payment from the same funds as the earlier issue, without preference or priority of the earlier issue.    (d)    If the proceeds of bonds issued under this subtitle exceed the cost of the project for which the bonds are issued, the surplus shall be used as the Commission determines.
MD. Public Utilities Code Ann. §  22-206 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-206 - Security

    As determined by the Commission, bonds issued under this subtitle may be secured by or made payable from:        (1)    letters of credit;        (2)    lines of credit;        (3)    bond purchase agreements;        (4)    bond insurance policies;        (5)    guaranty agreements; and        (6)    similar credit arrangements.
MD. Public Utilities Code Ann. §  22-207 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-207 - Revenue Refunding Bonds

    (a)    The Commission may provide by resolution for the issuance of revenue refunding bonds to refund bonds issued under this subtitle.    (b)    To the extent applicable, revenue refunding bonds issued under this section shall conform to the requirements of this subtitle.
MD. Public Utilities Code Ann. §  22-208 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-208 - Other Provisions Not Applicable

    Bonds issued under this subtitle are not subject to the limitations of §§ 22–102(b) and 22–1035 of this title.
MD. Public Utilities Code Ann. §  22-209 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-209 - Trust Agreements to Secure Bonds

    (a)    The Commission may enter into a trust agreement to secure bonds issued under this subtitle.    (b)    The trustee under the trust agreement may be a bank or trust company that has the powers of a trust company in or outside the State.    (c)    The trust agreement may pledge or assign all revenues from one or more projects as specified by the Commission.    (d)    The trust agreement may provide for the protection and enforcement of the rights and remedies of the bondholders, including:        (1)    covenants setting forth the duties of the Commission regarding:            (i)    construction, acquisition, improvement, installation, maintenance, operation, repair, and insurance of a project; and            (ii)    custody, safeguarding, and application of all money;        (2)    the establishment and funding of reserve funds;        (3)    requirements that a project be constructed and paid for under the supervision and approval of consulting engineers employed or designated by the Commission; and        (4)    statements of the rights and remedies of the bondholders and of the trustee, which may restrict the individual right of action of bondholders.
MD. Public Utilities Code Ann. §  22-210 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 22 - Bonds and Notes|Subtitle 2 - Revenue Bonds|Section 22-210 - Tax Exemption; Exclusion of Interest From Gross Income

    (a)    Bonds issued under this subtitle, including their interest and any profit from their sale or exchange, are exempt from taxation by the State and its counties and municipalities.    (b)    If bonds are issued under this subtitle with the expectation that their interest may be excluded from the gross income of the bondholders, the Commission shall enter into all agreements and make all certifications necessary or advisable to show compliance with the applicable provisions of federal tax law.
MD. Public Utilities Code Ann. §  23-101 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 23 - Water, Sewers, and Drainage|Subtitle 1 - Water and Sewer Systems|Section 23-101 - Commission Water, Sewer, and Drainage Systems

    (a)    The Commission shall develop surveys, plans, specifications, and estimates for water supply and sanitary sewer systems in the portions of the sanitary district that the Commission considers necessary.    (b)    The Commission shall divide the sanitary district into water or sanitary sewer districts that in the Commission’s judgment:        (1)    best serve the needs of the communities in the sanitary district; and        (2)    promote the convenience and economy of the installation and operation of water supply and sanitary sewer systems.    (c)    The Commission may proceed with construction that the Commission considers advisable in any district.    (d)    If the Commission initiates construction without petition or request from an interested party, the Commission may give reasonable notice that the Commission considers advisable.    (e)    (1)    The Commission may extend its water supply or sewer systems into any area outside of the sanitary district that is contiguous to or in the vicinity of the sanitary district if the property owners of the area agree to the conditions imposed by the Commission.        (2)    Except as provided in this division, the powers and authority in this subsection may not be restricted by any other general, special, or local law.    (f)    The Commission may not install, operate, or exercise any authority over stormwater management in Montgomery County.
MD. Public Utilities Code Ann. §  23-102 (2021)
2021 Maryland Statutes|Public Utilities|Division II - Washington Suburban Sanitary Commission|Title 23 - Water, Sewers, and Drainage|Subtitle 1 - Water and Sewer Systems|Section 23-102 - Private or Municipal Water and Sewer Systems in the Sanitary District

    (a)    A privately owned or municipally owned water supply or sanitary sewer system or part of a system, water main, sewer, water purification or sewage disposal plant, or connection with these facilities may not be constructed or installed, except as provided in this section.    (b)    A municipality or the property owners or residents of a locality in the sanitary district may construct and operate a water supply or sanitary sewer system or part of a system at their own expense if the Commission decides that it is inexpedient or impracticable to build the system due to remoteness from the Commission’s general system or for other reasons.    (c)    (1)    A system constructed in accordance with subsection (b) of this section shall be constructed under plans and specifications submitted to and approved by the Commission.        (2)    The construction, maintenance, and operation of the system shall be under the supervision and general control of the Commission.    (d)    All construction and operating records for the system, including cost records, shall be filed with the Commission.    (e)    The Commission may take over the system or a part of the system, water main, sewer, water purification or sewage disposal plant, or connection with these facilities in the same manner as provided in § 23–103 of this subtitle.    (f)    Except as provided in this division, the powers and authority in this section may not be restricted by any other general, special, or local law.