In this subtitle, the following words have the meanings indicated.
(1) "Allocation" means a reservation, for use by a particular property, of available capacity.
(2) "Allotment" means the apportionment by the allotment committee of available capacity among categories of capacity need.
(3) "Available capacity" means the positive difference between the capacity of the components of the County water or wastewater system and the existing flow through the system, less allocations granted and outstanding.
(4) "Equivalent dwelling unit" means a unit of 250 gallons of water, except that for property in the Mayo Water Reclamation Subdistrict, "equivalent dwelling unit" means a unit of 225 gallons of water.
(5) "Prime rate" means the prime interest rate that is published by the Wall Street Journal as of the first business day in June each year, to be applied under this subtitle beginning on July 1 of each year.
(Bill No. 5-05; Bill No. 111-15)