22 §2051. Title

§2051. Title This chapter shall be known as, and may be cited as, the “Maine Health and Higher Educational Facilities Authority Act.”   [PL 1979, c. 680, §1 (AMD).] SECTION HISTORY PL 1971, c. 303, §1 (NEW). PL 1979, c. 680, §1 (AMD).

22 §2052. Declaration of necessity

§2052. Declaration of necessity It is declared that for the benefit of the people of the State, the increase of their commerce, welfare and prosperity and the improvement of their health and living conditions, it is essential that health care facilities within the State be provided with appropriate additional means to expand, enlarge and establish […]

22 §2053. Definitions

§2053. Definitions As used in this chapter, the following words and terms shall have the following meanings unless the context indicates another or different meaning or intent.   [PL 1971, c. 303, §1 (NEW).] 1.  Authority.  “Authority” means the Maine Health and Higher Educational Facilities Authority created and established as a public body corporate and […]

22 §2054. Health Facilities Authority; executive director

§2054. Health Facilities Authority; executive director 1.  Authority.  The Maine Health and Higher Educational Facilities Authority, established by Title 5, chapter 379, is constituted a public body corporate and politic and an instrumentality of the State, and the exercise by the authority of the powers conferred by this chapter is deemed and held to be […]

22 §2055. Powers of authority

§2055. Powers of authority The purpose of the authority is to assist participating health care facilities, participating institutions providing an educational program and participating institutions for higher education in the undertaking of projects and the refinancing of existing indebtedness that are declared to be public purposes, and for the purposes of this chapter the authority […]

22 §2056. Payment of expenses

§2056. Payment of expenses All expenses incurred in carrying out this chapter shall be payable solely from funds provided under the authority of this chapter and no liability or obligation shall be incurred by the authority beyond the extent to which moneys shall have been provided under this chapter.   [PL 1971, c. 303, §1 […]

22 §2057. Acquisition of property by authority

§2057. Acquisition of property by authority The authority is authorized and empowered, directly or by and through a participating health care facility, a participating institution for higher education or a participating institution providing an educational program, as its agent, to acquire by purchase or by gift or devise such lands, structures, property, real or personal, […]

22 §2058. Conveyance of title to participating institutions

§2058. Conveyance of title to participating institutions When the principal of and interest on bonds of the authority issued to finance the cost of a particular project or projects for a participating health care facility, a participating institution for higher education or a participating institution providing an educational program, including any refunding bonds issued to […]

22 §2059. Notes of the authority

§2059. Notes of the authority The authority is authorized from time to time to issue its negotiable notes for any corporate purpose, including the payment of all or any part of the cost of any project, and renew from time to time any notes by the issuance of new notes, whether the notes to be […]

22 §2060. Bonds of the authority

§2060. Bonds of the authority 1.  Negotiable.  The authority is authorized from time to time to issue its negotiable bonds for the purpose of financing all or a part of the cost of any projects authorized hereby. In anticipation of the sale of such bonds, the authority may issue negotiable bond anticipation notes and may […]

22 §2061. Procedure before issuance of bonds

§2061. Procedure before issuance of bonds Notwithstanding any other provisions of this chapter, the authority is not empowered to undertake any project authorized by this chapter unless, prior to the issuance of any bonds or notes hereunder, the authority has determined that:   [PL 1975, c. 264 (RPR).] 1.  Assistance.  Such a project will enable […]

22 §2062. Trust agreement to secure bonds

§2062. Trust agreement to secure bonds In the discretion of the authority, any bonds issued under this chapter may be secured by a trust agreement by and between the authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the […]

22 §2063. Credit of State not pledged

§2063. Credit of State not pledged Bonds and notes issued under this chapter do not constitute or create a debt or debts, liability or liabilities on behalf of the State or of a political subdivision of the State other than the authority or a loan of the credit of the State or a pledge of […]

22 §2064. Rents and charges

§2064. Rents and charges The authority is authorized to fix, revise, charge and collect rates, rents, fees and charges for the use of and for the services furnished or to be furnished by each project and to contract with a person, partnership, association or corporation, or other body, public or private, in respect of rates, […]

22 §2065. Trust funds

§2065. Trust funds All moneys received pursuant to the authority of this chapter whether as proceeds from the sale of bonds or notes or as revenues, are trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, such moneys are […]

22 §2066. Enforcement of rights and duties

§2066. Enforcement of rights and duties Any holder of bonds, notes, bond anticipation notes, other notes or other obligations issued under this chapter or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any resolution authorizing the […]

22 §2067. Exemption from taxation

§2067. Exemption from taxation The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the State, for the increase of their commerce, welfare and prosperity, and for the improvement of their health and living conditions, and will constitute the performance of an essential governmental […]

22 §2068. Bonds declared legal investments

§2068. Bonds declared legal investments Bonds and notes issued by the authority under this chapter are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies and associations and other persons carrying on an insurance business, trust companies, banks, bankers, banking associations, savings banks […]

22 §2069. Annual reports

§2069. Annual reports Within 4 months after the close of each fiscal year of the authority, the executive director of the authority shall prepare and submit a complete financial report to the Governor and to the Legislature, duly audited and certified by the auditor of accounts of the operations and activities of the authority during […]

22 §2070. Refunding bonds

§2070. Refunding bonds 1.  Refunding.  The authority is authorized to provide for the issuance of bonds of the authority for the purpose of refunding any bonds of the authority then outstanding, including the payment of any redemption premium thereon and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase […]