Maryland Statutes

§ 9-641

Maryland·Article gen Environment·Title 9
(a)If the governing body of each member county that has territory in the service area of the project approves, a district may borrow money and pay interest to provide interim financing for a project.
(b)Borrowing under this section may not be for a period of more than 5 years.
(c)Each member county that approves a borrowing under this subsection shall guarantee payment of the principal and interest in the same way that a county makes guarantees under Part VIII of this subtitle.

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Nearby Sections

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§ 9-1001
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§ 9-1002
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§ 9-1003
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