Maryland Code, PUBLIC UTILITIES 12-310
Terms Used In Maryland Code, PUBLIC UTILITIES 12-310
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
(b) (1) The report shall include:
(i) the nature of the conversion;
(ii) the estimated cost of the conversion and the proceedings for the conversion;
(iii) funds available from other sources to pay the costs of conversion;
(iv) existing assessments;
(v) the estimated conversion costs on each parcel; and
(vi) the maturity date and probable interest rate of any bonds to be issued.
(2) Engineering details and cost estimates included in the report may not be in any greater detail than necessary for the formulation of a judgment on the feasibility and expense of the proposed conversion.
(c) The report shall be available to the public:
(1) when the notice required under § 12-309 of this subtitle is published; and
(2) at the public hearing, if held, established in the notice.