The Director of Budget and Finance, when required to collect any charge levied for
a house connection under §§ 20-2-107 and 20-2-108 of this article or any charge levied for a system connection set up under § 20-3-201 of this subtitle or any charge levied for a deficit under § 20-3-218 of this subtitle, or any charge levied for correction of an erroneous assessment
under § 20-3-219 of this subtitle, is empowered in the Director's discretion to amortize the charge,
plus interest thereon at the rate of 5% per annum, on a forty-year basis, so that
the annual payments, including principal and interest, will not vary in amount during
the period of amortization, with the right to the property owner to prepay the charge
at any time to save interest. The new charge so arrived at shall be added to the assessment
account, shall constitute a lien upon the property chargeable with the same until
paid, as set forth in § 20-3-209 of this subtitle, and shall be payable on the first day of the county's fiscal year
and shall be collected by the Director of Budget and Finance in the same manner and
at the same time that the state and county taxes are collected. The purpose of this
section is to provide an alternative means of collecting the metropolitan district
charges mentioned.
(1988 Code, § 35-222) (Bill No. 126, § 2, 9-28-1990; Bill No. 49-96, § 21, 7-1-1996;
Bill No. 53-02, § 1, 6-21-2002; Bill No. 30-03, § 1, 7-1-2004)
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