§ 9-641
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/md/environment/9-641A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.