Sec. 10-173.06. Establishment of Deep Well Loan Fund

There is hereby established the Prince George's County, Maryland, Deep Well Loan Fund for the purpose of making loans, on preferred terms and conditions, to eligible owner-occupants of single-family, residential structures for drilling individual deep wells to provide a water supply to serve such structures. All funds made available for the purposes of this Division shall constitute a self-sustaining fund of Prince George's County and all such funds shall be paid into, or loaned out of, or otherwise expended from, such self-sustaining fund. In accordance with the provisions of Section 10-173.09 of this Division, the County shall make such initial and subsequent contributions into such self-sustaining fund as appropriate and necessary until such fund becomes self-sustaining as a result of the repayment of loans made therefrom.