30-A §6105. Audit
§6105. Audit If a municipality falls one year and 6 months behind in the payment of its taxes to the State in full or in part, or defaults on any bond issue or payment of interest due on a bond issue, or neglects to pay school and other salaries due and has received funds from […]
30-A §6106. Board may take over local government
§6106. Board may take over local government 1. Board may take over local government. If, after having made the audit or investigation provided for in section 6105, the board decides by a majority vote that the delinquency is not due to disbursements for emergency relief which could not reasonably be anticipated or to other unavoidable […]
30-A §6023. Remedies of holders of bonds and notes
§6023. Remedies of holders of bonds and notes 1. Trustee. If the bank defaults in the payment of principal of or interest on any issue of bonds after the principal and interest become due, whether at maturity or upon call for redemption, and that default continues for a period of 30 days, or if the […]
30-A §6009. Application of money
§6009. Application of money Money or investments in any fund or account of the bank established or held for any bonds, notes, indebtedness or liability to be paid, funded or refunded by the issuance of bonds or notes shall, unless the resolution authorizing the bonds or notes provides otherwise, be applied to the payment or […]
30-A §6024. Personal liability
§6024. Personal liability Neither the commissioners of the bank nor any person executing bonds or notes issued under this chapter may be liable personally on those bonds or notes by reason of the issuance of the bonds or notes. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 […]
30-A §6010. Purchase of bonds and notes of bank
§6010. Purchase of bonds and notes of bank The bank may purchase bonds or notes of the bank out of any funds or money of the bank available for that purpose. The bank may hold, cancel or resell these bonds or notes subject to and in accordance with agreements with holders of its bonds or […]
30-A §6041. Legislative findings (REPEALED)
§6041. Legislative findings (REPEALED) SECTION HISTORY PL 2005, c. 12, §PPPP1 (NEW). PL 2005, c. 457, §A1 (AFF).
30-A §6011. Bonds as legal investments and security
§6011. Bonds as legal investments and security Notwithstanding any restrictions contained in any other law, the State and all public officers, governmental units and agencies of the State, all national banking associations, state banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on […]
30-A §6042. Pension cost reduction bonds authorized (REPEALED)
§6042. Pension cost reduction bonds authorized (REPEALED) SECTION HISTORY PL 2005, c. 12, §PPPP1 (NEW). PL 2005, c. 457, §A1 (AFF).
30-A §6012. Tax exemptions
§6012. Tax exemptions All property of the bank and all bonds and notes issued under this chapter are deemed to constitute essential public and governmental purposes and the property and the bonds and notes so issued, their transfer and the income from those bonds and notes, including any profits made on the sale of the […]