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Home » US Law » 2022 Maine Revised Statutes » TITLE 10: COMMERCE AND TRADE » Part 2: BUILDING AND DEVELOPMENT » Chapter 110: FINANCE AUTHORITY OF MAINE » Subchapter 1-A: NATURAL RESOURCES FINANCING AND MARKETING PROGRAMS

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10 §981. Legislative findings

§981. Legislative findings The Legislature has consistently found that agriculture, forestry and fisheries are major industries in the State, contributing substantially to the state’s overall economy, essential to the maintenance and strengthening of rural life and values and necessary to the preservation of the health, safety and welfare of all of the people of the […]

10 §982. Purpose

§982. Purpose The purposes of this subchapter include:   [PL 1983, c. 519, §7 (NEW).] 1.  General.  To relieve those conditions which now exist which represent difficulties in natural resource enterprise financing and development and to assist in planning, coordinating and implementing programs that will encourage further public and private participation and investment to achieve […]

10 §984. Natural Resources Financing and Marketing Programs

§984. Natural Resources Financing and Marketing Programs 1.  Implementation of programs.  The authority shall be responsible for the implementation of the Natural Resources Financing and Marketing Programs.   [PL 1985, c. 344, §29 (AMD).] 2.  Powers and duties.  The authority shall have all the powers and duties necessary to carry out the purposes and provisions […]

10 §986. General standards and duties

§986. General standards and duties In the implementation of this subchapter and in the specific selection of persons, programs and projects to receive its assistance, the following powers, duties and standards shall apply.   [PL 1983, c. 519, §7 (NEW).] 1.  Ownership.  The authority shall not become an owner of land or facilities, except on […]

10 §987. Standards for financing assistance

§987. Standards for financing assistance In addition to the applicable provisions of section 986, financing assistance provided pursuant to this subchapter shall not be provided for except upon a finding that the following criteria have been satisfied.   [PL 1985, c. 344, §32 (AMD).] 1.  Residence.  If the person is seeking assistance for the purchase […]

10 §988-A. Natural Resources Capital Investment Fund

§988-A. Natural Resources Capital Investment Fund 1.  Creation.  The Natural Resources Capital Investment Fund is created and established under the jurisdiction and control of the authority.   [PL 1989, c. 552, §12 (NEW).] 2.  Sources of money.  There shall be paid into the fund the following:   A. All money appropriated for inclusion in the […]

10 §988-B. Natural resources capital investment program

§988-B. Natural resources capital investment program 1.  Purpose.  The purpose of this section is to establish a program to provide assistance in the financing and development of natural resource projects designed to increase the State’s capacity to produce, harvest, store, process, distribute, market and improve the quality of its natural resource products. The goal is […]

10 §988. Financing assistance to natural resource enterprises

§988. Financing assistance to natural resource enterprises The authority may provide financing assistance or participate in providing financing assistance to eligible persons under this section and section 997 in the following manner.   [PL 1983, c. 519, §7 (NEW).] 1.  General conditions.  Financing assistance provided pursuant to this subchapter may be on such terms and […]