reglab/housing_qa huggingface dataset:
30-A ME Rev Stat § 5753 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 5: TAX BASE SHARING|30-A §5753. Filing of agreement

 §5753. Filing of agreement Before becoming effective, any agreement made under this subchapter must be filed with the clerk of each municipality and with the Secretary of State.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5771 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 6: BORROWING|30-A §5771. Revenue anticipation notes; fiscal year

 §5771. Revenue anticipation notes; fiscal year A municipality by vote of its municipal officers may in any municipal year borrow money temporarily and issue notes in anticipation of taxes, and state and federal revenue-sharing money.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]1.  Amount.  The amount borrowed in anticipation of taxes shall not exceed the total tax levy of the preceding municipal year or of the 2 preceding municipal years if together they do not extend beyond a period of 18 months. The amount borrowed in anticipation of state or federal revenue sharing shall not exceed the amount of revenue-sharing entitlements projected by the paying units of government for the current period of entitlement.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 2.  When paid.  The tax anticipation notes must be paid within one month after the end of the municipal year in which they were made, except during a transition to a new municipal year the notes must be paid within 18 months of the first day of the municipal year in which they were made. The notes issued in anticipation of taxes must be paid out of money raised by taxation. The notes issued in anticipation of revenue-sharing money must be paid out of money received as a result of revenue sharing.   [PL 1991, c. 121, Pt. A, §5 (AMD).] SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD). PL 1991, c. 121, §A5 (AMD).
30-A ME Rev Stat § 5801 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 7: RESERVE FUND|30-A §5801. Establishment

 §5801. Establishment A municipality may establish a reserve fund, consisting of one or more accounts, by appropriating money or by authorizing the transfer of unencumbered surplus funds at the end of any fiscal year for the following purposes:   [PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]1.  Capital improvement account.  Financing the acquisition or reconstruction of a specific, or a type of, capital improvement;   [PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 2.  Capital equipment account.  Financing the acquisition of a specific item or type of capital equipment;   [PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 3.  Credit reserve account.  Providing a reserve which may be applied in periods of financial emergency to assist in continuing its normal operation without increasing the tax rate.   A. The annual appropriation for this purpose may not exceed 5% of the current tax commitment.   [PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]B. When the municipal legislative body determines that a financial emergency exists, it may order the withdrawal of the necessary amount from the account; and   [PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).][PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 4.  Sinking fund account.  Paying a funded debt.   A. Any assets remaining in a sinking fund account, other than its own bonds, shall be withdrawn from the account when the debt for the payment of which it was established has been refunded. The legislative body may pledge the assets for payment of the new debt or may order them transferred to another account.   [PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).][PL 1987, c. 737, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5802 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 7: RESERVE FUND|30-A §5802. Trustees

 §5802. Trustees The municipal officers are trustees of the municipal reserve fund.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]1.  Fund deposited or invested.  They shall deposit or invest the fund according to subchapter III-A.   A. Any interest earned or capital gains realized shall accrue to and become part of the fund. Unless otherwise ordered by the municipal legislative body, interest and capital gains shall be prorated among the various accounts.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).][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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 2.  Purpose of expenditure.  An expenditure from any account of the fund may be made only for the specific purpose for which the account was established.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 3.  Transfer of balance.  The balance of any account of a reserve fund may be transferred to another reserve account or to surplus when the purpose for which it was established has been accomplished or abandoned.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 4.  Use of fund for purpose not provided for.  Notwithstanding Title 17-A, section 4-A, any municipal official who uses the assets of any account of the reserve fund in any manner or for any purpose other than that provided by the municipality is guilty of a Class C crime and shall be punished by a fine of not more than $2,000 or by imprisonment for not more than 2 years.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5821 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 8: ACCOUNTS AND AUDITS|30-A §5821. Uniform accounting system

 §5821. Uniform accounting system Each municipality and each quasi-municipal corporation, including, but not limited to, various types of districts or corporations embracing a portion of a municipality, a single municipality or several municipalities not under the jurisdiction of the Public Utilities Commission, shall:   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]1.  Accounting records.  Keep its accounting records in conformity with generally accepted principles of municipal accounting; and   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 2.  Uniform classification.  Use a uniform classification for revenue, expenditures and balance sheet accounts.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5822 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 8: ACCOUNTS AND AUDITS|30-A §5822. Investigation of accounting and auditing system

 §5822. Investigation of accounting and auditing system The State Auditor may inquire into the accounting and auditing system of any municipality or any quasi-municipal corporation not under the jurisdiction of the Public Utilities Commission. The officers of that municipality or quasi-municipal corporation shall furnish information pertaining to the system in the form prescribed by the State Auditor.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5824 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 8: ACCOUNTS AND AUDITS|30-A §5824. Witnesses and records

 §5824. Witnesses and records The State Auditor may subpoena witnesses and records and may examine witnesses under oath in all matters arising under sections 5821 to 5823.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5825 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 8: ACCOUNTS AND AUDITS|30-A §5825. State Auditor's report on financial matters (REPEALED)

 §5825. State Auditor's report on financial matters (REPEALED)SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD). PL 2015, c. 44, §13 (RP).
30-A ME Rev Stat § 5826 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 223: MUNICIPAL FINANCES|Subchapter 8: ACCOUNTS AND AUDITS|30-A §5826. Penalties

 §5826. Penalties A public official who neglects or refuses to perform any duty imposed by sections 5821 to 5823:   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]1.  Civil violation.  Commits a civil violation for which a forfeiture of not more than $100 may be adjudged; and   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 2.  Forfeiture of office.  Forfeits his office.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5901 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 225: MAINE MUNICIPAL BOND BANK|Subchapter 1: GENERAL PROVISIONS|30-A §5901. Title

 §5901. Title This chapter shall be known and may be cited as the "Maine Municipal Bond Bank Act."   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5904 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 225: MAINE MUNICIPAL BOND BANK|Subchapter 1: GENERAL PROVISIONS|30-A §5904. Liberal construction of chapter

 §5904. Liberal construction of chapter This chapter shall be construed liberally to effectuate the legislative intent and the purposes of this chapter as complete and independent authority for the performance of each and every act and thing authorized in this chapter and all powers granted in this chapter shall be broadly interpreted to effectuate that intent and purposes and not as a limitation of powers.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5952 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 225: MAINE MUNICIPAL BOND BANK|Subchapter 2: ESTABLISHMENT AND POWERS|30-A §5952. Conflict of interest

 §5952. Conflict of interest No commissioner of the bank may participate in any decision on any contract entered into by the bank, if the commissioner has any pecuniary interest, direct or indirect in any firm, partnership, corporation or association which is or may be a party to the contract.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]Contracts or agreements obtained through properly advertised bid procedures, or the ownership of stock or other interest in any firm, partnership, corporation or association in which the commissioner does not actively participate in day-to-day management shall not be interpreted as a direct or indirect pecuniary interest in violation of this chapter.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
30-A ME Rev Stat § 5953 (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 225: MAINE MUNICIPAL BOND BANK|Subchapter 2: ESTABLISHMENT AND POWERS|30-A §5953. Lending and borrowing powers generally

 §5953. Lending and borrowing powers generally 1.  Powers.  For the purposes authorized by this chapter, the bank may:   A. Lend money to governmental units through the bank's purchase of municipal securities of governmental units in fully marketable form;   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]B. Authorize and issue its bonds and notes payable solely from the revenues or funds available to the bank for that purpose;   [PL 1991, c. 605, §3 (AMD).]C. Otherwise assist governmental units as provided in this chapter; and   [PL 1991, c. 605, §3 (AMD).]D. Borrow money and make the borrowing proceeds available to the municipality at terms agreed upon by the bank and the municipality.   [PL 1993, c. 2, §6 (AMD).][PL 1993, c. 2, §6 (AMD).] 2.  Payment; state not liable.  Bonds and notes of the bank issued under this chapter are not in any way a debt or liability of the State and do not constitute a loan of the credit of the State or create any debt or debts, liability or liabilities on behalf of the State or constitute a pledge of the faith and credit of the State. All bonds and notes of the bank issued under this chapter, unless funded or refunded by bonds or notes of the bank, are payable solely from revenues or funds pledged or available for their payment as authorized in this chapter. Each bond and note shall contain on its face a statement to the effect that the bank is obligated to pay the principal or interest and redemption premium, if any, and that neither the faith and credit nor the taxing power of the State is pledged to the payment of the principal of or the interest on the bonds or notes.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 3.  Expenses.  All expenses incurred in carrying out the purposes of this chapter are payable solely from revenues or funds provided under this chapter. Nothing in this chapter may be construed to authorize the bank to incur any indebtedness or liability on behalf of or payable by the State.   [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); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] SECTION HISTORY PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD). PL 1991, c. 605, §§3,4 (AMD). PL 1991, c. 775, §2 (AMD). PL 1993, c. 2, §6 (AMD).
30-A ME Rev Stat § 5953-F (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 225: MAINE MUNICIPAL BOND BANK|Subchapter 2: ESTABLISHMENT AND POWERS|30-A §5953-F. Recovery zone economic development bonds; qualified energy conservation bonds

 §5953-F. Recovery zone economic development bonds; qualified energy conservation bonds To the extent permitted by federal law, the county commissioners of any county may authorize the bank to issue recovery zone economic development bonds or qualified energy conservation bonds on behalf of that county.   [PL 2009, c. 517, §17 (NEW).]1.  Recovery zone economic development bonds.  To the extent permitted by federal law, the allocation to counties of the national recovery zone economic development bond limitation established pursuant to 26 United States Code, Section 1400U-1, as amended, and as described in Internal Revenue Service Notice 2009-50, Section 6.03, is reallocated to the bank for further reallocation by the bank for any project in any county of the State, as long as one half of each such allocation is further reallocated by the bank to projects located within and identified by the county commissioners of the county to which such allocation was originally made, if so identified on or before July 1, 2010. The remaining one half of such allocations, together with any portion of an allocation initially subject to reallocation at the direction of the applicable county before July 1, 2010, but not so reallocated, may be reallocated by the bank for any project in any county of the State.   [PL 2009, c. 517, §17 (NEW).] 2.  Qualified energy conservation bonds.  To the extent permitted by federal law, 70% of the allocation to the State and to the counties of the State of the national qualified energy conservation bond volume limitation established pursuant to 26 United States Code, Section 54D(e), as amended, and as described in Internal Revenue Service Notice 2009-29, Section 4, is reallocated to the bank for further reallocation by the bank for any project in any county of the State, as long as one half of each such allocation is further reallocated by the bank to projects located within and identified by the county commissioners of the county to which such allocation was originally made, if so identified on or before July 1, 2011. The remaining one half of such allocations, together with any portion of an allocation initially subject to reallocation at the direction of the applicable county before July 1, 2011, but not so reallocated, may be reallocated by the bank for any project in any county of the State.   [PL 2009, c. 517, §17 (NEW).] 3.  Waivers.  Reallocations pursuant to this section are considered voluntary and affirmative waivers by the affected counties for the purposes of 26 United States Code, Section 54D et seq. and Section 1400U-1 et seq. and any regulations or guidance provided by the United States Department of the Treasury, Internal Revenue Service thereunder.   [PL 2009, c. 517, §17 (NEW).] SECTION HISTORY PL 2009, c. 517, §17 (NEW).
30-A ME Rev Stat § 5954-A (2021)
2021 Maine Revised Statutes|TITLE 30-A: MUNICIPALITIES AND COUNTIES|Part 2: MUNICIPALITIES|Subpart 9: FISCAL MATTERS|Chapter 225: MAINE MUNICIPAL BOND BANK|Subchapter 2: ESTABLISHMENT AND POWERS|30-A §5954-A. Aggregation service

 §5954-A. Aggregation service 1.  Authority.  In addition to its other enumerated powers, but subject to the limitations imposed under subsection 2, the bank, on behalf of or in partnership with one or more governmental units or nonprofit corporations organized under the Internal Revenue Code, Section 501, may aggregate governmental units and nonprofit corporations to purchase in bulk electricity, petroleum products, fuel oil and natural gas.   [PL 2005, c. 190, §1 (AMD).] 2.  Conditions; limitations.  In exercising its authority under subsection 1, the bank:   A. Is subject to all applicable provisions of law, including the provisions of Title 35-A relating to aggregators of customers of electricity;   [PL 1999, c. 231, §2 (NEW).]B. Must provide to any entity to whom it offers to provide services under subsection 1 notice that the entity is under no obligation to accept any of the services and that no other service provided by the bank is conditional upon or affected by the entity's acceptance or rejection of the offer;   [PL 1999, c. 231, §2 (NEW).]C. May not extend credit or vary the terms of credit based on an entity's acceptance or rejection of an offer by the bank to provide services pursuant to subsection 1; and   [PL 1999, c. 231, §2 (NEW).]D. May not encourage or otherwise seek to persuade any entity to accept any services offered by the bank pursuant to subsection 1, if the entity has an application with the bank for a loan, until after the bank has taken final action on approving or rejecting the application.   [PL 1999, c. 231, §2 (NEW).][PL 1999, c. 231, §2 (NEW).] SECTION HISTORY PL 1999, c. 231, §2 (NEW). PL 2005, c. 190, §1 (AMD).