(a)      The WSSC:

            (1)      Before January 15 of each year, shall prepare capital and operating budgets for the next fiscal year, which shall include projects and contracts authorized under §§ 1-206 and 1-208 of this subtitle, which shall be open for inspection by the public and copies shall be made available to the public on request;

            (2)      Before February 15 of each year, shall hold a public hearing on the proposed budgets after giving at least 21 days' notice of the hearing by publication in at least 2 newspapers published and generally circulated in Montgomery County and 2 newspapers published and generally circulated in Prince George's County;

            (3)      On or before March 1 of each year, shall prepare and submit to the County Executives of Montgomery and Prince George's counties, the capital and operating budgets for the WSSC, for the next fiscal year together with the record of any public hearing which was held on the budgets;

            (4)      Shall identify the sources of revenue allocable to the various proposed expenditures;

            (5)      Shall propose a complete schedule of rates for the water consumption and sewer usage charges and ad valorem tax levies that the WSSC considers necessary to finance the budgets;

            (6)      Shall certify the amounts necessary to be raised for the next year for the payment of interest and principal on all outstanding bonds and notes of the WSSC; and

            (7)      Between March 1 and April 1 of each year, may submit to the County Executives of Montgomery and Prince George's counties amendatory items to the proposed budgets, together with a declaration of need identifying the sources of revenue allocable to the proposed amendatory items.

      (b)      Each County Executive shall transmit to the County Council of the county:

            (1)      The proposed budgets, together with recommendations on the proposed budgets, and the record of any public hearing held by the WSSC, not later than March 15 of each year; and

            (2)      Amendatory items to the proposed budgets with their recommendations within 10 days after receipt of the amendatory items.

      (c)      (1)      Each County Council:

                  (i)      On public notice, may hold public hearings on the proposed budgets of the WSSC not earlier than 21 calendar days following receipt from the County Executive;

                  (ii)      May add to, delete from, increase, or decrease an item of either budget, and shall transmit by May 15 any proposed changes to the other County Council for review and concurrence; and

                  (iii)      On or before June 1 of each year, shall approve the budgets and transmit them to the WSSC.

            (2)      (i)      If the County Councils fail to concur in a change with respect to any item by June 1, the failure to concur constitutes approval of the item submitted by the WSSC.

                  (ii)      If the County Councils fail to approve the budgets on or before June 1 of each year, the proposed budgets of the WSSC are adopted.

      (d)      Repealed.

      (e)      (1)      The WSSC may submit to the County Executives of the counties proposed supplements to the approved budgets. The submittals shall include full particulars.

            (2)      Within 10 days of receipt of the proposed supplements, the County Executive of each county shall transmit the proposed supplements to the County Council of that county, together with recommendations.

            (3)      Each County Council:

                  (i)      May hold public hearings on the proposed supplements; and

                  (ii)      May add to, delete from, increase, or decrease the proposed supplements.

            (4)      The failure of the County Councils to jointly approve or amend the proposed supplements within 90 days from the date of transmittal of the proposed supplements to the County Executives by the WSSC constitutes disapproval of the supplements by the County Councils of Montgomery and Prince George's counties as submitted by the WSSC.

      (f)      (1)      Through joint action, the County Councils may recommend to the WSSC rates for water consumption and sewer usage charges and ad valorem tax levies on transmission of the approved budget of the WSSC.

            (2)      On receipt of the budgets and recommendations from the County Councils, the WSSC shall approve a rate schedule taking into consideration the proposed rate changes recommended by the joint action of the Councils.

            (3)      Subject to the provisions of § 6-103 of this article, the rates for sewer and water usage charges shall be uniform throughout the sanitary district.