§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 […]
§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 […]
§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).
§979. Employment plan The authority and its chief executive officer shall ensure that each applicant for assistance submit an employment plan which describes the business and its products or services and which provides information on new employment opportunities, including types of jobs, skills and training necessary for placement and training the applicant could provide. The […]
§980-A. Allocation of federal bond ceiling The authority may, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish a process that is different from the federal formula for allocating that portion of the ceiling established by the United States Code, Title 26, Section 146, as amended, allocated to the authority pursuant to section […]
§980-B. Maine Veterans’ Small Business Loan Board (REPEALED) SECTION HISTORY PL 1985, c. 344, §26 (NEW). PL 1989, c. 503, §B52 (AMD). PL 1989, c. 857, §46 (RPR). PL 1991, c. 511, §A4 (AMD). PL 1991, c. 622, §S22 (RP).
§980-C. Location or use of collateral The authority shall, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish for each program governed by or operated pursuant to this chapter requirements and limitations for assuring that any eligible project or collateral maintains minimum contact with the State. In the case of real estate, the […]
§980-D. Payroll Processor Recovery Fund The Payroll Processor Recovery Fund, referred to in this section as “the fund,” is created. The fund must be deposited with and maintained by the authority. The fund must be administered by the Superintendent of Consumer Credit Protection within the Department of Professional and Financial Regulation, referred to in this […]
§980. Taxation and fees Notwithstanding any other provision of law, for the purposes of this chapter, transactions and property of the authority shall be treated as follows. [PL 1985, c. 344, §26 (NEW).] 1. Revenue obligation securities; exemption from taxation. Revenue obligation securities of the authority are declared to be issued for an essential […]
