22 §2072. Agreement of the State
§2072. Agreement of the State The State pledges to and agrees with the holders of bonds, notes and other obligations issued under this chapter, and with those parties who may enter into contracts with the authority pursuant to this chapter, that the State will not limit, alter, restrict or impair the rights hereby vested in […]
22 §2073. Act cumulative; no notice required
§2073. Act cumulative; no notice required Neither this chapter nor anything contained in this chapter is or shall be construed as a restriction or limitation upon any powers which the Maine Health and Higher Educational Facilities Authority might otherwise have under any laws of this State, and this chapter is cumulative of any such powers. […]
22 §2058. Conveyance of title to participating institutions
§2058. Conveyance of title to participating institutions When the principal of and interest on bonds of the authority issued to finance the cost of a particular project or projects for a participating health care facility, a participating institution for higher education or a participating institution providing an educational program, including any refunding bonds issued to […]
22 §2074. Act liberally construed
§2074. Act liberally construed This chapter, being necessary for the welfare of the State and its inhabitants, shall be liberally construed so as to effect its purposes. [PL 1971, c. 303, §1 (NEW).] SECTION HISTORY PL 1971, c. 303, §1 (NEW).
22 §2059. Notes of the authority
§2059. Notes of the authority The authority is authorized from time to time to issue its negotiable notes for any corporate purpose, including the payment of all or any part of the cost of any project, and renew from time to time any notes by the issuance of new notes, whether the notes to be […]
22 §2075. Maine Health Facilities’ Reserve Fund
§2075. Maine Health Facilities’ Reserve Fund 1. Maine Health Facilities’ Reserve Fund. The authority shall establish and maintain a reserve fund called the “Maine Health Facilities’ Reserve Fund” in which is deposited all money appropriated by the State for the purpose of that fund, all proceeds of bonds required to be deposited in the fund […]
22 §2060. Bonds of the authority
§2060. Bonds of the authority 1. Negotiable. The authority is authorized from time to time to issue its negotiable bonds for the purpose of financing all or a part of the cost of any projects authorized hereby. In anticipation of the sale of such bonds, the authority may issue negotiable bond anticipation notes and may […]
22 §2076. Authority to intercept federal and state aid
§2076. Authority to intercept federal and state aid 1. Treasurer to withhold funds. When the authority notifies the Treasurer of State in writing that an entity eligible to use the authority is in default as to the payment of principal or interest on any securities of that entity sold through or by the authority, or […]
22 §2061. Procedure before issuance of bonds
§2061. Procedure before issuance of bonds Notwithstanding any other provisions of this chapter, the authority is not empowered to undertake any project authorized by this chapter unless, prior to the issuance of any bonds or notes hereunder, the authority has determined that: [PL 1975, c. 264 (RPR).] 1. Assistance. Such a project will enable […]
22 §2077. Lease finance program
§2077. Lease finance program 1. Establishment; administration. A lease finance program under the jurisdiction and direction of the authority is established to provide for or assist with financing leases for eligible entities to acquire the use of personal or real property. The lease finance program must provide methods of direct or indirect financing, insurance, borrowing, […]