(a) A municipal authority may set, collect, and, if necessary, modify service rates to provide funds:
(1) To pay all or part of the principal and interest on bonds issued under Part II of this subtitle; and
(2) To pay for the cost of maintenance, repair, and operation, including overhead expenses and depreciation allowance, of systems constructed under Part II of this subtitle.
(b) The service rates shall be:
(1) Chargeable against all property served by any system under the ownership of the municipal authority; and
(2) Collectible against the owner of the property served, in the same manner as other debts are collectible at law.
(c) The municipal authority may set:
(1) The time for payment; and
(2) The penalties for nonpayment.
Structure Maryland Statutes
Title 9 - Water, Ice, and Sanitary Facilities
Subtitle 7 - Regulation by Municipalities and Political Subdivisions
Part II - Regulation by Municipalities
Section 9-704 - Construction of Part Ii of This Subtitle
Section 9-705 - Powers of Municipal Authorities
Section 9-707 - Takeover of Privately Owned System
Section 9-709 - Removal of Obstruction
Section 9-710 - Private Installation of Pipes or Conduits
Section 9-711 - Bonds Issued by Municipal Authorities -- in General
Section 9-712 - Bonds Issued by Municipal Authorities -- Tax Levy to Pay Interest and Principal
Section 9-714 - Service Charges to Pay Interest and Principal on Bonds and to Pay Other Costs
Section 9-715 - Right of Entry