30-A §6003. Bonds and notes of the bank
§6003. Bonds and notes of the bank 1. Bonds authorized. The bank may issue its bonds from time to time in any principal amounts that it considers necessary to provide funds for any of the purposes authorized by this chapter, including: A. The making of loans; [PL 1987, c. 737, Pt. A, §2 […]
30-A §6004. Resolutions and indentures
§6004. Resolutions and indentures 1. Trust agreement or trust indenture authorized. In any resolution of the bank authorizing or relating to the issuance of any bonds or notes, the bank, in order to secure the payment of those bonds or notes may, by provisions in the resolution, enter into any trust agreement or trust indenture […]
30-A §6005. Intent of pledge
§6005. Intent of pledge Any pledge of revenue or other money made by the bank is valid and binding when the pledge is made. The revenues or other money so pledged and thereafter received by the bank is immediately subject to the lien of the pledge without any physical delivery of the revenues or other […]
30-A §6006. Reserve fund
§6006. Reserve fund 1. Reserve fund. The bank shall establish and maintain a reserve fund called the “Maine Municipal Bond Bank Reserve Fund” in which there shall be deposited all money appropriated by the State for the purpose of that fund, all proceeds of bonds required to be deposited in the fund by terms of […]
30-A §6006-A. Revolving loan fund
§6006-A. Revolving loan fund 1. Establishment; administration. A 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 revolving loan fund, that must be used for the following purposes: (1) To provide loans to municipalities […]
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 […]
30-A §6006-E. Maine school facilities finance lease-purchase program
§6006-E. Maine school facilities finance lease-purchase program In addition to and in furtherance of any other assistance available to a school administrative unit in this chapter, the bank, in cooperation with the Department of Education, shall establish a lease-purchase program for buildings to be used by all school administrative units whose school facility lease-purchase payments […]
30-A §6006-F. School Revolving Renovation Fund
§6006-F. School Revolving Renovation Fund 1. Fund established. The School Revolving Renovation Fund, referred to in this section as the “fund,” is established in the custody of the bank. [PL 1997, c. 787, §13 (NEW).] 2. Administration. The bank shall administer and invest the fund. The fund must be established and held separate and […]