Disposition of proceeds of benefit assessments

  1. Law
  2. Maryland Code
  3. Environment
  4. Water, Ice, and Sanitary Facilities
  5. Sanitary Commissions
  6. Operation of Districts
  7. Disposition of proceeds of benefit assessments

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    (a)    In this section, “district account” means the account maintained by a sanitary commission in accordance with this section.

    (b)    A sanitary commission shall:

        (1)    Maintain a district account; and

        (2)    Credit to the district account all proceeds from the benefit assessments levied under this subtitle.

    (c)    The sanitary commission shall use funds in the district account to pay the principal and interest on the bonds for which the benefit assessment was levied.


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