(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.
Added by Acts 2025, c. 593, § 1, eff. Oct. 1, 2025.