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10 §970-A. Other mortgage insurance

§970-A. Other mortgage insurance In carrying out the purposes of this chapter, the authority shall, to the greatest extent possible, require the utilization of private or other governmental sources of mortgage insurance or credit enhancement devices in order to assure the most effective and efficient use of state resources for mortgage insurance.   [PL 1985, […]

10 §971. Actions of the members

§971. Actions of the members Seven members of the authority constitute a quorum of the members. The affirmative vote of the greater of 5 members, present and voting, or a majority of those members present and voting is necessary for any action taken by the members. A vacancy in the membership of the authority does […]

10 §972. Chief executive officer

§972. Chief executive officer The chief executive officer shall be the chief administrative officer of the authority and shall be appointed by the Governor, subject to review by the joint standing committee of the Legislature having jurisdiction over housing and economic development and to confirmation by the Legislature. At least 10 days before the Governor […]

10 §973. Conflicts of interest

§973. Conflicts of interest Notwithstanding Title 5, section 18, subsection 1, paragraph B, each member of the authority and each employee, contractor, agent or other representative of the authority is deemed an “executive employee” solely for purposes of Title 5, section 18, and for no other purpose, except that the chief executive officer in addition […]

10 §974. Annual report; audit

§974. Annual report; audit 1.  Report.  The authority shall submit to the Governor, the Speaker of the House of Representatives, the President of the Senate and the joint standing committees of the Legislature having jurisdiction over housing and economic development and education, not later than 120 days after the close of its fiscal year, a […]

10 §975-A. Disclosure and confidentiality of records

§975-A. Disclosure and confidentiality of records 1.  Disclosure required.  Notwithstanding subsections 2 and 3 and except as provided in paragraph F, the following shall be made available to any person upon request reasonably describing the records to which access is sought or, if no request is made, in any manner and at any time which […]

10 §976. Liberal construction

§976. Liberal construction This chapter, being necessary for the welfare of the State and its inhabitants, shall be liberally construed. In the event of any conflict between this chapter and any other law, this chapter shall prevail, but the power and authority granted is deemed to be in addition to and not in derogation of […]

10 §977. The Finance Authority of Maine; successor

§977. The Finance Authority of Maine; successor The authority shall be the successor to the Maine Guarantee Authority, the Maine Veterans Small Business Loan Authority and the Maine Small Business Loan Authority. All properties, rights in land, buildings and equipment and any funds, moneys, revenues and receipts or assets of each of the authorities, including […]

10 §978. Governmental function

§978. Governmental function The Finance Authority of Maine shall administer and exercise the authority granted to it by this chapter. The carrying out of its powers and duties is deemed the performance of an essential governmental function.   [PL 1983, c. 519, §6 (NEW).] SECTION HISTORY PL 1983, c. 519, §6 (NEW).