Md. Code Ann., Envir. § 9-690 – Temporary bonds and receipts

(a) Before the definitive bonds are available for delivery to bond holders, the district may issue:
1. (1) Interim receipts for payment for the bonds; or
2. (2) Temporary bonds with or without coupons.
(b) The interim receipts or temporary bonds may be exchanged for definitive bonds when the definitive bonds are available.

Added by Acts 1982, c. 240, § 2.

Formerly Art. 43, § 654.