Section 21-623 – County Tax Authorized
(a) Except as otherwise provided in this subtitle, Montgomery County and Prince George’s County each may impose an ad valorem tax on all property assessed for tax purposes in the stormwater management district at a rate required to produce the amount needed to pay for: (1) maintenance of stormwater management systems in the stormwater management district that […]
Section 21-624 – Montgomery County — Ad Valorem Tax
(a) This section applies only in Montgomery County. (b) Subject to subsections (c)(1) and (d) of this section, the County Council of Montgomery County shall impose an ad valorem tax on all property assessed for tax purposes in the county, including property in any municipality in the county. (c) (1) Except for the City of Takoma Park, the ad […]
Section 21-625 – Tax Authorized for City of Takoma Park
(a) Except as otherwise provided in this subtitle, the City of Takoma Park may impose an ad valorem tax on all property assessed for tax purposes in the city at a rate required to produce the amount needed to pay for: (1) maintenance of stormwater management systems in the city that were maintained by the Commission before […]
Section 21-626 – Property Exempt From or Not Subject to Tax or Fees
(a) Property owned by the State or a unit of State government, a county, a municipality, or a regularly organized volunteer fire department that is used for public purposes is exempt from the taxes, user charges, and utility fees imposed under this part. (b) Property that is not in a stormwater management district or is not otherwise […]
Section 21-627 – County Stormwater Management Fund
(a) On establishing a stormwater management district, Montgomery County and Prince George’s County each shall: (1) establish a stormwater management fund; and (2) deposit in the fund: (i) receipts and revenues from an ad valorem tax imposed under § 21–623 of this subtitle; and (ii) charges, fees, fees–in–lieu, and other contributions received from any person or governmental unit in connection […]
Section 21-628 – Takoma Park Stormwater Management Fund
(a) The City of Takoma Park shall: (1) establish a stormwater management fund; and (2) deposit in the fund: (i) receipts and revenues from any ad valorem tax, user charge, or utility fee imposed under § 21–625 of this subtitle; and (ii) charges, fees, fees–in–lieu, and other contributions received from any person or governmental unit in connection with stormwater management […]
Section 21-611 – Construction of Part
Montgomery County, Prince George’s County, and the City of Takoma Park shall have independent and supplemental authority to enact an ordinance or other legislation to issue bonds for the purposes provided in this subtitle.
Section 21-612 – Authority to Issue Bonds
(a) (1) Montgomery County, Prince George’s County, and the City of Takoma Park may issue bonds in any amount that they consider necessary to provide money for their respective portions of the stormwater management programs and systems authorized under this subtitle. (2) The proceeds of bonds issued under paragraph (1) of this subsection shall be used for the […]
Section 21-613 – Requirements for Bonds
Bonds issued under this part: (1) are general obligation bonds of the issuing authority that are fully registered as to both principal and interest when approved by ordinance or other legislative act of the county or city; (2) shall bear interest payable at any time and at any annual rate as provided or authorized by legislative act; […]
Section 21-614 – Exemption From Tax
Bonds issued under this part, a transfer of the bonds, the interest payable on the bonds, and any income derived from the bonds, including any profit realized in the sale or exchange of the bonds, are exempt from taxation by the State or by any county, municipality, or other public unit of the State.