30-A §5956. State services
§5956. State services 1. State assistance authorized. All state officers, departments, boards, agencies, divisions and commissions may provide any service to the bank that is: A. Requested by the bank; and [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL […]
30-A §5957. Allocation of state ceiling; recovery zone economic development bonds; qualified energy conservation bonds
§5957. Allocation of state ceiling; recovery zone economic development bonds; qualified energy conservation bonds By rulemaking under Title 5, chapter 375, subchapter 2, the bank may establish a process for allocation and carry-forward of that portion of the state ceiling on issuance of tax-exempt bonds allocated to the bank under Title 10, chapter 9. The […]
30-A §5958. Prohibited acts and limitation of powers
§5958. Prohibited acts and limitation of powers The bank may not: [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. Loans. Make loans of money to […]
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 §5954. Corporate powers
§5954. Corporate powers 1. Powers. The bank is constituted a public body corporate and politic and an instrumentality of the State and shall have perpetual succession. For carrying out the purposes of this chapter, the bank may: A. Sue and be sued; [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. […]
30-A §5954-A. Aggregation service
§5954-A. Aggregation service 1. Authority. In addition to its other enumerated powers, but subject to the limitations imposed under subsection 2, the bank, on behalf of or in partnership with one or more governmental units or nonprofit corporations organized under the Internal Revenue Code, Section 501, may aggregate governmental units and nonprofit corporations to purchase […]
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 §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 […]