Maryland Environment Section 9-641

Article - Environment

§ 9-641.

      (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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