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 […]
30-A §6011. Bonds as legal investments and security
§6011. Bonds as legal investments and security Notwithstanding any restrictions contained in any other law, the State and all public officers, governmental units and agencies of the State, all national banking associations, state banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on […]
30-A §6012. Tax exemptions
§6012. Tax exemptions All property of the bank and all bonds and notes issued under this chapter are deemed to constitute essential public and governmental purposes and the property and the bonds and notes so issued, their transfer and the income from those bonds and notes, including any profits made on the sale of the […]
30-A §6013. Insurance or guaranty
§6013. Insurance or guaranty 1. Insurance or guaranty authorized. The bank may obtain any insurance or guaranty from any department or agency of the United States or nongovernmental insurer, as to, or of, or for, the payment or repayment of, interest or principal, or both, or any part of the interest and principal on: […]
30-A §6013-A. Maine Municipal Bond Insurance Fund
§6013-A. Maine Municipal Bond Insurance Fund 1. Establishment. The Maine Municipal Bond Insurance Fund is established in the custody of the bank and under its jurisdiction and direction to provide credit enhancement in the form of bond insurance to municipalities, state instrumentalities and other governmental units on debt issued by them in the form of […]
30-A §6014. Governmental unit intercept
§6014. Governmental unit intercept The Treasurer of State may receive from the Federal Government any amount of money as appropriated, allocated, granted, turned over or in any way provided for the purposes of the bank or this chapter. Unless otherwise directed by federal authority, these amounts must be credited to and deposited in the General […]
30-A §6006-B. Safe drinking water revolving loan fund
§6006-B. Safe drinking water revolving loan fund 1. Establishment; administration. A safe drinking water revolving loan fund is established as provided in this section. A. There is established in the custody of the bank a special fund to be known as the safe drinking water revolving loan fund to provide financial assistance under subsection […]
30-A §6006-C. Municipal lease finance program
§6006-C. Municipal lease finance program 1. Establishment; administration. A municipal lease finance program under the jurisdiction and direction of the bank is established to provide or assist municipalities and governmental entities in the financing of leases by which a municipality may acquire or obtain the right to use personal or real property. The municipal lease […]
30-A §6006-D. Municipal Investment Trust Fund
§6006-D. Municipal Investment Trust Fund 1. Establishment; administration. The Municipal Investment Trust Fund, referred to in this section as the “fund,” is established in the custody of the bank as a special fund as provided in this section. A. The purpose of the fund is to provide financial assistance under subsection 2 for the […]