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<section article="gen" article_name="Environment" number="9-805" title_number="9" title_name="Water, Ice, and Sanitary Facilities" subtitle_number="8" subtitle_name="Sewerage Facilities Bond Act">
  <level label="a">
    <text>By resolution, the governing body of any municipality may authorize the issuance of bonds under this subtitle to finance, wholly or partly, the cost of the development of any sewerage facility. In the determination of the cost, the governing body may include:</text>
    <level label="1">
      <text>Actual and estimated costs of issuing the bonds;</text>
    </level>
    <level label="2">
      <text>Engineering expenses;</text>
    </level>
    <level label="3">
      <text>Inspection expenses;</text>
    </level>
    <level label="4">
      <text>Fiscal expenses;</text>
    </level>
    <level label="5">
      <text>Legal expenses; and</text>
    </level>
    <level label="6">
      <text>Interest estimated to accrue, during construction and for 6 months after construction, on money borrowed or expected to be borrowed under this subtitle.</text>
    </level>
  </level>
  <level label="b">
    <text>The resolution:</text>
    <level label="1">
      <text>May be adopted at the meeting at which the resolution is introduced;</text>
    </level>
    <level label="2">
      <text>May be adopted by a majority of all members of the governing body who are in office when the resolution is introduced; and</text>
    </level>
    <level label="3">
      <text>Is effective immediately on adoption.</text>
    </level>
  </level>
</section>
