Section 25-402 - Imposition of system development charge. - Maryland Statutes

§ 25-402.Imposition of system development charge.
 

(a)  In general.- In addition to any other charges authorized under this division, the Commission may impose a system development charge that shall be paid by an applicant for new service. 

(b)  Method of payment.- The system development charge shall be paid as follows: 

(1) for residential properties: 

(i) 50% at the time the plumbing permit application is filed; and 

(ii) 50% within 12 months after the earlier of the date on which a plumbing permit application is filed or on transfer of title to the property; and 

(2) for other properties, 100% at the time the plumbing permit application is filed. 

(c)  Security.- When the applicant files the plumbing permit application, the applicant shall deposit with the Commission security: 

(1) in the form of an irrevocable letter of credit; 

(2) in the form of a financial guaranty bond; or 

(3) in a form the Commission establishes and approves under its regulations. 
 

[An. Code 1957, art. 29, §  6-113(b); 2010, ch. 37, § 3.]