30-A §6044. Construction (REPEALED)
§6044. Construction (REPEALED) SECTION HISTORY PL 2005, c. 12, §PPPP1 (NEW). PL 2005, c. 457, §A1 (AFF).
30-A §6051. Declaration of public policy; funding
§6051. Declaration of public policy; funding The Legislature finds and declares that revenue financing bonds as authorized in this subchapter are tax-exempt or taxable bonds payable from sources as provided in this subchapter and such bonds do not include a legal or equitable claim against tax revenues of the State and do not represent constitutional […]
30-A §6052. Definitions
§6052. Definitions As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2013, c. 269, Pt. B, §2 (NEW).] 1. Ancillary obligation. “Ancillary obligation” means the obligation of the bond bank in connection with liquor operation revenue bonds issued under this subchapter under any of the […]
30-A §6053. Liquor operation revenue bonds authorized
§6053. Liquor operation revenue bonds authorized 1. Revenue bonds. Notwithstanding any other provision of law and upon written approval of the Governor, the bond bank may issue liquor operation revenue bonds of up to $183,500,000 plus financing costs, and excluding bonds to refund bonds, for the purpose of retiring amounts determined by the Commissioner of […]
30-A §6054. Liquor Operation Revenue Fund
§6054. Liquor Operation Revenue Fund 1. Fund established. The Liquor Operation Revenue Fund, referred to in this section as “the fund,” is a nonlapsing fund established within the bond bank to receive the amounts referred to in subsection 2 and to pay amounts due under the liquor operation revenue bonds and any ancillary obligations. The […]
30-A §6022. Exemption of property from execution sale
§6022. Exemption of property from execution sale All property of the bank is exempt from levy and sale by virtue of an execution. No execution or other judicial process may issue against the bank’s property nor may any judgment against the bank be a charge or lien upon its property, provided that nothing in this […]
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 […]