Concerning: Stormwater Management – Water Quality Protection Charge –Debt Service
Revised: 3-22-10 Draft No. 1
Introduced: March 23, 2010
Enacted: May 19, 2010
Executive: May 29, 2010
Effective: May 29, 2010
Sunset Date: None
Ch. 18 , Laws of Mont. Co. 2010
For Montgomery County, Maryland
AN EXPEDITED ACT to:
(1) authorize the County to pledge the water quality protection charge as security for certain debt obligations; and
(2) generally amend County laws related to stormwater management.
Montgomery County Code
Chapter 19, Erosion, Sediment Control and Stormwater Management
Section 19-35, Water Quality Protection Charge
Sec. 1. Section 19-35 is amended as follows:
19-35. Water Quality Protection Charge.
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(f) The Director must deposit funds raised by the Charge, and funds for this purpose from any other source, into a stormwater management fund. Funds in the stormwater management fund may be applied and pledged to pay debt service on debt obligations to finance the construction and related expenses of stormwater management facilities as approved in the Capital Improvements Program. [The] Funds in the stormwater management fund must only be [appropriated] used for:
(1) construction, operation, financing, and maintenance of stormwater management facilities, and related expenses, including debt service payments related to construction and related expenses of stormwater management facilities;
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Sec. 2. Expedited Effective Date.
The Council declares that this legislation is necessary for the immediate protection of the public interest. This Act takes effect on the date when it becomes law.