Section 9-650 - Advances by member counties for service areas. - Maryland Statutes

§ 9-650. Advances by member counties for service areas.
 

(a)  In general.- In addition to the power to make any other advances under this subtitle, the governing body of a member county may advance to a district the funds necessary to organize and to meet the preliminary expenses of a service area or a proposed service area. 

(b)  Repayment required.- The district shall repay advances made under this section. 

(c)  Source of repayment.- If a bond issue is made for the service area for which advances were made under this section, the district shall repay any outstanding advances to the member county from the proceeds of the first bond issue. 
 

[An. Code 1957, art. 43, § 652; 1982, ch. 240, § 2.]