Construction, application, and purpose of subtitle

  1. Law
  2. Maryland Code
  3. Public Utilities
  4. Washington Suburban Sanitary Commission.
  5. Bonds and Notes
  6. Revenue Bonds
  7. Construction, application, and purpose of subtitle

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    (a)    This subtitle shall be liberally construed to carry out its purposes.

    (b)    The purpose of this subtitle is to authorize the Commission to issue bonds in a manner that provides flexibility without imposing additional debt burdens on the assessable tax base of the sanitary district, so as to yield overall savings to the residents of the sanitary district.

    (c)    This subtitle does not apply to debt issued by the Commission under Subtitle 1 of this title.


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