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 Construction (REPEALED)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 Construction (REPEALED) SECTION HISTORY PL 2005, c. 12, §PPPP1 (NEW).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 §6018. Purchase of anticipation notes
§6018. Purchase of anticipation notes The bank may purchase notes of any governmental unit issued in anticipation of the sale of municipal securities in an amount not exceeding at any one time outstanding the authorized amount of those municipal securities. The issue and sale of those anticipation notes must be in accordance with the laws […]
30-A §6019. Agreements with financial institutions
§6019. Agreements with financial institutions 1. Agreements. The bank may enter into any agreements or contracts with any commercial banks, trust companies, banking or other financial institutions within or outside the State that are necessary, desirable or convenient in the opinion of the bank for the following purposes: A. To provide services to the […]
30-A §6020. Form of municipal securities and investments
§6020. Form of municipal securities and investments All municipal securities or other investments of money of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form, subject to provision for any registration in the name of the bank. All municipal securities at any time […]
30-A §6021. Presumption of validity
§6021. Presumption of validity After issuance, all bonds or notes of the bank are conclusively presumed to be fully authorized and issued under the laws of the State, and any person or governmental unit is estopped from questioning their authorization, sale, issuance, execution or delivery by the bank. [PL 1987, c. 737, Pt. A, […]
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 […]