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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) In this subtitle the following words have the meanings indicated.
(b) “Annual operating costs” include the cost of:
(1) the production, treatment, pumping, storage, transmission, and distribution of water and the maintenance and repair of equipment associated with these functions;
(2) the collection, pumping, transmission, and treatment of wastewater, and the maintenance and repair of equipment associated with these functions;
(3) administrative overhead;
(4) debt service;
(5) depreciation; and
(6) servicing customer accounts.
(c) “Lateral system construction costs” include:
(1) any cost necessary to plan, design, acquire, construct, inspect, test, and put into operation the lateral system to serve a State facility; and
(2) any indirect cost incurred by the local jurisdiction that is necessary to construct water and sewer lines.
Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 2-401 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-2-401/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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