Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-605: (a) Before the preparation of definitive bonds, the Department may issue its interim certificates or temporary bonds, with or without coupons, exchangeable for definitive bonds when the definitive bonds have been executed and are available for delivery
What this law says, in plain English
The Department may issue interim certificates, temporary bonds, and bond anticipation notes before definitive bonds are ready. These notes are exchangeable for bonds and governed by applicable bond issuance provisions.
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