Sec. 10-173.09. Financing of the Deep Well Loan Fund
Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.
Prince George's County, Md., Code § 10-173.09 (2026)
Sec. 10-173.09. Financing of the Deep Well Loan FundLinkCopy Citation
(a)
Commencing with the submission of the Fiscal Year 1978-79 County expense and capital budgets, and on at least an annual basis thereafter, the County Executive shall recommend to the County Council for approval, a proposed method of financing the Deep Well Loan Fund, taking into account all appropriate alternative methods of financing the fund, including the following methods:
(1)
The issuance of general obligation bonds;
(2)
The use of funds from current expense budget appropriations;
(3)
The use of funds derived from Federal or State grants made available to the County for financing deep well construction; or,
(4)
The repayment of principal and interest from loans made hereunder.