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 §6201. Definitions
§6201. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2005, c. 266, §2 (NEW).] 1. Commissioner. “Commissioner” means the Commissioner of Economic and Community Development. [PL 2017, c. 313, §1 (AMD).] 1-A. Capital grant. “Capital grant” means a grant award from 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 §6202. Fund source; nonlapsing; dedicated, special revenue account
§6202. Fund source; nonlapsing; dedicated, special revenue account There is established the Fund for the Efficient Delivery of Local and Regional Services to assist those municipalities that collaborate with other municipalities, counties or state agencies to obtain savings in the cost of delivering local and regional governmental services. The fund consists of revenues transferred from […]
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 §6101. Membership
§6101. Membership The Board of Emergency Municipal Finance, established in accordance with Title 5, section 12004-I, subsection 25-A, and referred to in this chapter as the “board,” shall be composed of the 3 persons who hold the offices of the Commissioner of Finance, Treasurer of State and State Tax Assessor. The successor of any person […]
30-A §6102. Purpose
§6102. Purpose The purpose of establishing the board is to enable municipalities that have fallen into financial difficulties to receive assistance from the State and to be reestablished on a sound financial basis and to assure the State of the collection of the taxes due from those municipalities to the State. [PL 1987, c. […]
30-A §6103. General powers; construction
§6103. General powers; construction 1. General powers. All powers and duties necessary to carry out the purposes set forth in this chapter are conferred on the board. [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); […]
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, […]