30-A §6007. General fund
§6007. General fund 1. General fund established; money deposited. The bank shall establish and maintain a fund called the “general fund” which shall consist of and in which there shall be deposited: A. Fees received or charges made by the bank for the use of its services or facilities; [PL 1987, c. 737, […]
30-A §5959. Rules; reports
§5959. Rules; reports 1. Rules. Appropriate state agencies and the bank may adopt rules and policies necessary to: A. Implement sections 5953‑A, 5953‑B, 6006‑A, 6006‑B and 6006‑D to ensure the self-sustaining nature of the funds created under sections 6006‑A and 6006‑B and that portion of the fund under section 6006‑D determined to be self-sustaining; […]
30-A §6008. Additional reserves and funds
§6008. Additional reserves and funds The bank may establish any additional and further reserves or any other funds or accounts that are, in its discretion, necessary, desirable or convenient to further the accomplishment of the purposes of the bank to comply with the provisions of any agreement made by or any resolution of the bank. […]
30-A §6001. Budget
§6001. Budget Not later than June 1st of each year the bank shall prepare and file in the office of the Bureau of the Budget a budget of its operating expenses for the ensuing fiscal year. This budget: [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); […]
30-A §6002. Annual report
§6002. Annual report On or before the last day of December in each year, the bank shall make an annual report of its activities for the preceding fiscal year to the Governor. This report shall set forth a complete operating and financial statement covering its operations during the year. The bank shall have an audit […]
30-A §6003. Bonds and notes of the bank
§6003. Bonds and notes of the bank 1. Bonds authorized. The bank may issue its bonds from time to time in any principal amounts that it considers necessary to provide funds for any of the purposes authorized by this chapter, including: A. The making of loans; [PL 1987, c. 737, Pt. A, §2 […]
30-A §6004. Resolutions and indentures
§6004. Resolutions and indentures 1. Trust agreement or trust indenture authorized. In any resolution of the bank authorizing or relating to the issuance of any bonds or notes, the bank, in order to secure the payment of those bonds or notes may, by provisions in the resolution, enter into any trust agreement or trust indenture […]
30-A §6005. Intent of pledge
§6005. Intent of pledge Any pledge of revenue or other money made by the bank is valid and binding when the pledge is made. The revenues or other money so pledged and thereafter received by the bank is immediately subject to the lien of the pledge without any physical delivery of the revenues or other […]
30-A §6006. Reserve fund
§6006. Reserve fund 1. Reserve fund. The bank shall establish and maintain a reserve fund called the “Maine Municipal Bond Bank Reserve Fund” in which there shall be deposited all money appropriated by the State for the purpose of that fund, all proceeds of bonds required to be deposited in the fund by terms of […]
30-A §6006-A. Revolving loan fund
§6006-A. Revolving loan fund 1. Establishment; administration. A revolving loan fund is established as provided in this section. A. There is established in the custody of the bank a special fund, to be known as the revolving loan fund, that must be used for the following purposes: (1) To provide loans to municipalities […]