Sec. 21-137.06. Trust agreements

A pledge of all or part of the fees, charges, and other revenues received from, or in connection with, the County recycling and disposal system to the payment of revenue bonds and amounts due under multiyear solid waste or recycling contracts;

Provisions requiring the deposit of fees, charges, and other revenues received from, or in connection with, the County recycling and disposal system in a special fund and the establishment, maintenance, and use of reserves, sinking funds, and other special funds;

Provisions for the investment and reinvestment of the proceeds of any revenue bonds until used for the purposes for which the revenue bonds were issued, and for the disposition of any excess proceeds and the investment earnings thereon;

Rate covenants that require the fixing, charging, and collection of fees and charges for use of the County recycling and disposal system that provide revenues sufficient to pay the costs of operating, maintaining, and repairing the County recycling and disposal system, including any reserves for such purposes and all amounts payable under solid waste or recycling contracts, and the principal of, and premium (if any) and interest on, all outstanding revenue bonds and deposits to reserves therefor, and to cover the debt service requirements of the revenue bonds by an amount deemed appropriate;

Provisions for the collection, custody, investment, reinvestment, and use of revenues or other receipts, funds, or moneys pledged as security for any revenue bonds;

Limitations upon the issuance of additional revenue bonds as the County Council may deem proper;

Requirements that the County operate and maintain all or a portion of the County recycling and disposal system regardless of whether the fees, charges, and other revenues received from, or in connection with, the County recycling and disposal system are sufficient therefor;

Covenants for the establishment of maintenance and insurance requirements with respect to any facilities constituting all or a portion of the County recycling and disposal system;

A limitation on the County's power to sell or dispose of all or any part of the County recycling and disposal system;

A declaration that holders of obligations issued to finance costs of the County recycling and disposal system are third party beneficiaries of any particular solid waste or recycling contract;

A provision that the other party to any solid waste or recycling contract may assign its rights to a trustee for holders of obligations issued to finance costs of the County recycling and disposal system;

The establishment of priorities among obligations payable from the fees, charges and other revenues received from, or in connection with, the County recycling and disposal system;

Restrictions upon the power of the County to license persons under this Subtitle or designate solid waste acceptance facilities as approved solid waste acceptance facilities or recycling facilities as approved recycling facilities;

A covenant by the County to enforce its powers under this Subtitle and cause to be delivered all or a portion of the solid waste and recyclable material generated in the County to County solid waste acceptance facilities or County recycling facilities; and

A covenant by the County not to relinquish its powers concerning solid waste and recyclable material in a manner that would adversely affect its ability to generate sufficient revenues available to pay costs of the County recycling and disposal system and to meet the requirements of any trust agreement.