(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 activities or practices.
(b) Money in the Takoma Park stormwater management fund shall be used only to pay for the costs of stormwater management as set forth in § 21–625(a) of this subtitle.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 6 - Stormwater Management Districts -- Montgomery and Prince George's Counties
Section 21-621 - Construction of Part
Section 21-622 - Developer or Owner Contributions to Cost of Project
Section 21-623 - County Tax Authorized
Section 21-624 - Montgomery County -- Ad Valorem Tax
Section 21-625 - Tax Authorized for City of Takoma Park
Section 21-626 - Property Exempt From or Not Subject to Tax or Fees
Section 21-627 - County Stormwater Management Fund
Section 21-628 - Takoma Park Stormwater Management Fund
Section 21-629 - Effect of Annexation on City of Bowie and City of Takoma Park