1. (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.
2. (b) Borrowing under this section may not be for a period of more than 5 years.
3. (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.

Added by Acts 1982, c. 240, § 2.

Formerly Art. 43, § 650.