§ 17-202.1

Maryland § 17-202.1

• Jurisdiction: Maryland
• Article gpu: Public Utilities
• Title: 17

Text

(a) (1) On or before November 1, 2025, the Commission shall submit the following information to the county councils of Montgomery County and Prince George’s County and, in accordance with § 2–1257 of the State Government Article, the General Assembly:

(i) a long–range comprehensive financial plan that:

1. is developed by the Commission in conjunction with an independent financial advisor; and

2. meets the requirements of subsection (b) of this section; and

(ii) any updated Commission policies relating to financial management.

(2) On or before June 1, 2026, and every 5 years thereafter, the Commission shall submit to the county councils of Montgomery County and Prince George’s County and, in accordance with § 2–1257 of the State Government Article, the General Assembly:

(i) an updated version of the long–range comprehensive financial plan; and

(ii) any updated Commission policies relating to financial management.

(b) A long–range comprehensive financial plan shall:

(1) include stress testing based on industry standards; and

(2) test the impact of a wide range of economic conditions that may affect the Commission and its financial solvency, including changes in employment rates, interest rates, and water usage.

(c) The Commission shall publish the long–range comprehensive financial plan on the Commission’s website established under § 17–401 of this title.