2288

LAWS OF MARYLAND

Ch. 240

(6) SURVEYS.
(C) REPAYING GOVERNMENTAL AGENCIES.

(1) A DISTRICT MAY NOT PAY INTEREST ON MONEY
BORROWED FROM A GOVERNMENTAL AGENCY UNDER THIS SECTION.

(2) IF A DISTRICT BORROWS FROM A GOVERNMENTAL
AGENCY UNDER THIS SECTION, THE DISTRICT SHALL REPAY THE
LENDING GOVERNMENTAL AGENCY:

(I) WHEN WORK BEGINS ON THE WATER SYSTEM
OR SEWERAGE SYSTEM FOR WHICH THE BORROWING WAS MADE; AND

(II) ONLY FROM FUNDS OR BOND REVENUES
THAT, UNDER THIS SUBTITLE, RELATE TO THE PROJECT.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Article
43, § 650(b)(16).

The Commission to Revise the Annotated Code calls
the revision of this section and § 9-641 of this
subtitle to the attention of the General
Assembly. Former Article 43, § 650(b)(16) and
(17), by using the former defined term "project",
limited the scope of permitted borrowing to water
systems and sewer systems. This limitation
resulted from the former narrower definition of
"project" in Article 43, § 645(1), i.e., to water
systems and sewer systems. Because of the
broader definition of "project" in § 9-601 of
this subtitle, this section, as revised,
authorizes the borrowing for solid waste disposal
systems and solid waste acceptance facilities and
effectuates the apparent legislative intent of
Ch. 248, Acts of 1970 to extend the provisions of
the former subtitle to the operation of solid
waste disposal systems and solid waste acceptance
facilities.

9-641. BORROWING FROM OTHER SOURCES.

(1) 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) BORROWING UNDER THIS SECTION MAY NOT BE FOR
A PERIOD OF MORE THAN 5 YEARS.

(3) 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.