§ 9–712
Statutes in effect as of October 1, 2026.
Md. Code Ann., Envir. § 9-712 (2026)
Title 9. Water, Ice, and Sanitary Facilities
Subtitle 7. Regulation by Municipalities and Political Subdivisions
§ 9–712LinkCopy Citation
(a)
While any bonds issued under Part II of this subtitle are outstanding, the municipal authority annually shall levy a tax against all of the assessable property served within the municipality to pay the principal and interest on the bonds.
(b)
The tax shall be:
(1)
Sufficient to pay:
(i)
When due, the principal and interest on the bonds; or
(ii)
The part of the principal or interest on the bonds that is not paid for by the levy of the annual front-foot assessment under § 9-713 of this subtitle or by the service charges collected under § 9-714 of this subtitle; and
(2)
Treated the same as any other municipal tax in every respect, including as to:
(i)
Priority rights;
(ii)
Interest;
(iii)
Penalties; and
(iv)
Manner of determination, levy, and collection.
(c)
(1)
Each person involved in the levy or collection of the taxes shall perform the duties promptly and properly.
(2)
A person may not use any funds collected under this section for any purpose other than the payment of principal and interest on the bonds.