# COMAR Title 20 — Public Service Commission

## Subtitle 73 — Construction of New Water and Sewage Disposal Systems

### Chapter 02 — Accounting, Financial, and General Information

#### Regulation .09 Prior Commission Approval of Borrowings.

*COMAR 20.73.02.09*

Any long-term borrowing, payable in whole or in part more than 12 months after date of issuance, by a water or sewage disposal company regulated by the Commission shall be void and of no force and effect unless made with the prior approval of, or until approved by, the Commission.