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23 §1853. State infrastructure bank; finding

§1853. State infrastructure bank; finding The legislature finds that new financing mechanisms are necessary to provide greater flexibility and additional funds for needed transportation infrastructure projects in the State. The creation of a financing mechanism, in conformance with the National Highway System Designation Act of 1995, Public Law 104-59, Section 350, relating to a state […]

23 §1854. State infrastructure bank created

§1854. State infrastructure bank created The state infrastructure bank is created as a revolving fund in the department, to be administered by the department and used for the purposes described in this subchapter. The fund consists of certain federal highway funds and state highway funds and other funds eligible for deposit under applicable federal law; […]

23 §1801. Findings and purpose

§1801. Findings and purpose Municipal transportation assistance funds must be targeted to the capital needs of rural roads and highways and must also reflect urban maintenance responsibilities on state and state aid roadways.   [PL 1999, c. 473, Pt. D, §1 (RPR).] Municipal transportation assistance funds must be adjusted according to increases or decreases in […]

23 §1855. Loans

§1855. Loans The Commissioner of Transportation shall use the state infrastructure bank to make loans to counties and municipalities, state agencies and quasi-state government agencies upon such terms as the commissioner shall determine, including secured and unsecured loans, and in connection with the secured and unsecured loans, to enter into loan agreements, subordination agreements and […]

23 §1802. Definitions (REPEALED)

§1802. Definitions (REPEALED) SECTION HISTORY PL 1981, c. 492, §C26 (NEW). PL 1987, c. 737, §§C68,C106 (AMD). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,C10 (AMD). PL 1989, c. 516, §1 (RP).

23 §1802-A. Definitions

§1802-A. Definitions As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1989, c. 516, §2 (NEW).] 1.  Average lane miles maintained.  [PL 1999, c. 473, Pt. D, §2 (RP).] 1-A.  Capital improvement.  “Capital improvement” means any work on a road or bridge that has a […]

23 §1803. Distribution (REPEALED)

§1803. Distribution (REPEALED) SECTION HISTORY PL 1981, c. 492, §C26 (NEW). PL 1983, c. 800, §1 (AMD). PL 1985, c. 403, §C1 (AMD). PL 1989, c. 516, §3 (RP). MRSA T. 23 §1803, sub-§3 (RP).