30-A §5901. Title
§5901. Title This chapter shall be known and may be cited as the “Maine Municipal Bond Bank Act.” [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).] […]
30-A §5955. Additional powers
§5955. Additional powers In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter, 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. […]
30-A §5902. Declaration of necessity
§5902. Declaration of necessity 1. Declaration of purpose. It is declared to be in the public interest and to be the policy of the State: A. To foster and promote by all reasonable means the provision of adequate capital markets and facilities for borrowing money by counties, municipalities, School Administrative Districts, community school districts, […]
30-A §5903. Definitions
§5903. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [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 […]
30-A §5904. Liberal construction of chapter
§5904. Liberal construction of chapter This chapter shall be construed liberally to effectuate the legislative intent and the purposes of this chapter as complete and independent authority for the performance of each and every act and thing authorized in this chapter and all powers granted in this chapter shall be broadly interpreted to effectuate that […]
30-A §5951. Creation of bank and membership
§5951. Creation of bank and membership 1. Bank established. There is established a public body corporate and politic to be known as the “Maine Municipal Bond Bank” in accordance with Title 5, chapter 379. The bank is constituted as an instrumentality of the State exercising public and essential governmental functions. The bank’s exercise of the […]
30-A §5952. Conflict of interest
§5952. Conflict of interest No commissioner of the bank may participate in any decision on any contract entered into by the bank, if the commissioner has any pecuniary interest, direct or indirect in any firm, partnership, corporation or association which is or may be a party to the contract. [PL 1987, c. 737, Pt. […]
30-A §5953. Lending and borrowing powers generally
§5953. Lending and borrowing powers generally 1. Powers. For the purposes authorized by this chapter, the bank may: A. Lend money to governmental units through the bank’s purchase of municipal securities of governmental units in fully marketable form; [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 […]
30-A §5953-A. Loans from revolving loan fund
§5953-A. Loans from revolving loan fund 1. Loan application. A municipality may apply for a loan from the revolving loan fund, the proceeds of which must be used for the following: A. To acquire, design, plan, construct, enlarge, repair or improve a publicly owned sewage or water system or sewage or water treatment plant […]
30-A §5953-B. Loans from safe drinking water revolving loan fund
§5953-B. Loans from safe drinking water revolving loan fund 1. Loan application. In addition to the other forms of financial assistance available under section 6006‑B, a public water system that is a community water system or a nonprofit water system that is not a community water system may apply for a loan from the safe […]