Md. Code, Local Government § 21–641

(a) All property of the Commission that the Commission and the applicable

county mutually determine to be used primarily for stormwater management is

deemed transferred effective July 1, 1987, to that county as provided in this section.

(b) All property of the Commission that the Commission and the City of

Takoma Park mutually determine to be used primarily for stormwater management

is deemed transferred effective July 1, 1990, to the City of Takoma Park as provided

in this section.

(c) (1) The Commission shall execute instruments of transfer as

necessary to evidence the transfers.

(2) All real and personal property, including all fees, leaseholds,

easements, rights–of–way, buildings, fixtures, systems, and equipment, owned or

held by the Commission for the primary purpose of stormwater management is

transferred to the county in which the property is located or affixed or to the City of

Takoma Park if the property is located in or affixed to the City of Takoma Park.

(3) All tangible and intangible personal property, including all

equipment, construction materials, fees, fees–in–lieu, contributions, reserve funds,

sinking funds, contracts, agreements, claims, demands, and actions, owned or held

by the Commission for the primary purpose of stormwater management is

transferred to the county in which is located the real property to which the personal

property relates or to the City of Takoma Park if the real property to which the

personal property relates is located in the City of Takoma Park or, if unrelated to

specific property, is transferred in proportion to the real property acreage transferred

to each county or to the City of Takoma Park under this section.

(d) Notwithstanding this section, the Commission shall retain sufficient

funds to pay for debt service accruing before October 1, 1987, on outstanding bonds

issued by the Commission for stormwater management and the undepreciated cost of

the moveable assets transferred.

(e) (1) The transfer of property under this section does not impair the

rights of holders of bonds issued by the Commission for stormwater management or

the responsibility of the Commission for the repayment of the bonds or the

responsibility of the counties to impose taxes for or otherwise guarantee the

repayment of the bonds.

(2) The City of Takoma Park is not responsible for payment to the

Commission for debt service on any bonds issued by the Commission outstanding on

June 30, 1990.