Temporary bonds and receipts

  1. Law
  2. Maryland Code
  3. Environment
  4. Water, Ice, and Sanitary Facilities
  5. Sanitary Commissions
  6. Bonds
  7. Temporary bonds and receipts

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    (a)    Before the definitive bonds are available for delivery to bond holders, the district may issue:

        (1)    Interim receipts for payment for the bonds; or

        (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.


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