30-A §5116. Investment of funds; redemption of bonds
§5116. Investment of funds; redemption of bonds The authority may: [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 1. Invest funds. Invest any funds held in […]
30-A §5117. Investigatory powers
§5117. Investigatory powers Acting through one or more trustees or other persons designated by the authority, examinations and investigations may be conducted to: [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, […]
30-A §5118. Cooperation by public bodies
§5118. Cooperation by public bodies For the purpose of aiding and cooperating in the planning, undertaking or carrying out of an urban renewal project, the municipality or any other public body, upon any terms that it may determine, with or without consideration, may: [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. […]
30-A §5119. Encouragement of private enterprise
§5119. Encouragement of private enterprise The authority, to the greatest extent it determines to be feasible in carrying out this chapter, shall afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the rehabilitation or redevelopment of the urban renewal area by private enterprise. The authority shall consider this objective […]
30-A §5120. Grant of funds by municipality
§5120. Grant of funds by municipality The municipality may grant funds to the authority for the purpose of aiding the authority in carrying out any of its powers and functions under this chapter. To obtain funds for this purpose, the municipality may levy taxes and may issue and sell its bonds. Any bonds issued by […]
30-A §5121. Title of purchaser
§5121. Title of purchaser Any instrument executed by the authority and purporting to convey any right, title or interest in any property under this chapter is conclusive evidence of compliance with this chapter insofar as title or other interest of any bona fide purchasers, lessees or transferees of the property is concerned. [PL 1987, […]
30-A §5122. Interest of public officials, trustees or employees
§5122. Interest of public officials, trustees or employees 1. Acquisition of interest. No public official or employee of a municipality, or board or commission of a municipality, and no trustee or employee of an authority which has been vested by a municipality with urban renewal project powers under this chapter may voluntarily acquire any personal […]
30-A §5110. Authorization to issue bonds
§5110. Authorization to issue bonds The authority may issue bonds to finance any undertakings authorized by this chapter under the following conditions. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. […]
30-A §5111. Bond issues
§5111. Bond issues The authority may issue bonds from time to time in its discretion to finance the undertaking of any urban renewal project under this chapter, including, but not limited to, the payment of principal and interest upon any advances for surveys and plans, and may issue refunding bonds for the payment or retirement […]
30-A §5112. Conveyance to Federal Government on default
§5112. Conveyance to Federal Government on default In any contract for financial assistance with the Federal Government, the authority may obligate itself to convey to the Federal Government possession of or title to the urban renewal project and land in the project to which the contract relates which is owned by the authority, upon the […]