reglab/housing_qa huggingface dataset:
20-A ME Rev Stat § 10957 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10957. Trust funds

 §10957. Trust funds All money received pursuant to the authority of this chapter shall be deemed to be trust funds, to be held and applied solely as provided in this chapter and in the resolution of the trustees authorizing the financing transaction. Any officer to whom, or any bank, trust company or other fiscal agent or trustee to which that money shall be paid shall act as trustee of that money and shall hold and apply the money for that purpose, subject to such regulations as this chapter and the resolution or trust agreement may provide.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10958 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10958. Remedies

 §10958. Remedies Any holder of evidences of indebtedness issued under this chapter or of any of the coupons appertaining to this chapter, and the trustee under any resolution or trust agreement, except to the extent the rights given may be restricted by the resolution authorizing the issuance of evidences of indebtedness or a trust agreement or applicable financing document, may, by action, mandamus or other proceeding, protect and enforce any and all rights under the laws of the State or granted under this chapter or under the resolution, financing documents or trust agreement, including the appointment of a receiver of pledged amounts or a project, and may enforce and compel the performance of all duties required by this chapter or by the resolution, financing document or trust agreement to be performed by the university, including the collecting of rates, rents, fees and charges for the use of any or all of its facilities or projects. Any such suit, action or proceeding shall be brought for the benefit of all the holders of evidences of indebtedness and coupons.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10959 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10959. Refunding indebtedness

 §10959. Refunding indebtedness Pursuant to sections 10953 to 10955, the university may enter into financing transactions and issue evidences of indebtedness for the purpose of refinancing obligations or evidences of indebtedness issued under this chapter or to refund general obligation debt of the State, including the payment of any redemption premium on the evidences of indebtedness or general obligation debt of the State and any interest accrued or to accrue to the date of redemption of those obligations, and if deemed advisable by the university for the additional purpose of construction or enabling the construction of improvements, extensions, enlargements or additions of the project or projects in connection with which the obligations to be refunded have been issued. The university's refunding authority includes authority to borrow and issue evidences of indebtedness for the combined purpose of refunding any evidences of indebtedness issued under this chapter then outstanding or refunding general obligation debt of the State, including the payment of any redemption premium on the evidences of indebtedness or general obligation debt of the State and any interest accrued or to accrue to the date of redemption of those obligations, and paying all or any part of the cost of acquiring or constructing or enabling the acquisition or construction of any additional project or projects or part of a project, or any improvements, extensions, enlargements or additions of any project or projects. The incurring of indebtedness for refunding purposes and the issuance of evidences of indebtedness in connection with the indebtedness, the maturities and other details, the rights and remedies of the holders and the rights, powers, privileges, duties and obligations of the university with respect to the indebtedness are governed by this chapter insofar as the chapter may be applicable. In the event the university refunds general obligation debt of the State not previously issued to finance any project or projects, the Treasurer of State is authorized to discharge the university from an amount of its obligations to reimburse the State for debt service on general obligation debt of the State issued to finance any project or projects that is equivalent to the general obligation debt of the State actually being refunded by the issuance of bonds under this chapter. Equivalent amounts must be determined on the basis of the discounted present value of all such obligations.   [PL 1993, c. 2, §4 (AMD).]SECTION HISTORY PL 1987, c. 735, §14 (NEW). PL 1989, c. 578, §4 (AMD). PL 1993, c. 2, §4 (AMD).
20-A ME Rev Stat § 10960 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10960. Tax exemption

 §10960. Tax exemption Indebtedness incurred under this chapter and evidences of indebtedness issued in connection with the indebtedness shall be deemed to constitute a proper public purpose and the evidences of indebtedness issued, their transfer and the income from them, including any profits made on the sale of the evidences of indebtedness, shall at all times be exempt from taxation within the State.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10961 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10961. Governmental functions

 §10961. Governmental functions The carrying out by the university of the powers and duties conferred upon it by this chapter shall be deemed to be the performance of an essential governmental function. Nothing contained in this chapter may in any way limit or restrict the powers and duties of the university that are granted to it, and nothing contained in this chapter may be construed to imply that the university did not possess any of the powers and duties granted under this chapter prior to the enactment of this chapter. This chapter shall in no way limit or restrict the power and authority of the State to borrow money for the benefit of the university.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10962 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10962. Liberal construction

 §10962. Liberal construction This chapter being necessary for the welfare of the State and its inhabitants, shall be liberally construed to effect the purposes of this chapter. To the extent of any conflict between this chapter and any other law, this chapter shall prevail, but the power and authority granted by this chapter is deemed to be in addition to and not in derogation of power and authority granted by any other law.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10963 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10963. Evidences of indebtedness

 §10963. Evidences of indebtedness The evidences of indebtedness of the university shall be legal investments in which all public officers and public bodies of the State, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, banking associations, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may be authorized to invest in securities of the State, may properly and legally invest funds, including capital, in their control, or belonging to them. Those evidences of indebtedness are also made securities which may properly and legally be deposited with and received by all public officers and bodies of the State or any agency or political subdivision and all municipalities and public corporations for any purpose for which the deposit of securities of the State is now or may be authorized by law.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10964 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10964. Actions against university

 §10964. Actions against university Neither any trustee of the university nor any officer, employee or agent of the university, while acting within the scope of the authority of this chapter, may be subject to any personal liability resulting from the exercise or carrying out of any of the university's purposes or powers.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10965 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412: BORROWING AUTHORITY FOR THE UNIVERSITY OF MAINE SYSTEM|20-A §10965. Validity of evidences of indebtedness

 §10965. Validity of evidences of indebtedness Evidences of indebtedness bearing duly authorized signatures of officers or officials holding office on the date of signing shall be valid and binding obligations, notwithstanding that before the delivery of and payment for the obligation any or all persons whose signatures appear on the evidences of indebtedness shall have ceased to be such officers or officials. The validity of evidences of indebtedness shall not be dependent on nor affected by the validity or regularity of any proceedings to acquire any project financed with the proceeds of evidences of indebtedness, or to refund outstanding evidences of indebtedness, or otherwise taken in connection with the financing transaction.   [PL 1987, c. 735, §14 (NEW).]SECTION HISTORY PL 1987, c. 735, §14 (NEW).
20-A ME Rev Stat § 10971 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412-A: MAINE BLACK BEARS SCHOLARSHIP FUND|20-A §10971. Maine Black Bears Scholarship Fund

 §10971. Maine Black Bears Scholarship Fund The Maine Black Bears Scholarship Fund is created and established as a nonlapsing fund administered by the University of Maine. All revenues credited to this fund must be distributed as need-based scholarships for students attending the University of Maine. Scholarships distributed under this section may be awarded only to students who demonstrate financial need. The University of Maine shall award the scholarships and adopt rules for determining eligibility, terms and conditions for scholarships. The fund may not be used for the costs of administering the scholarships.   [PL 2001, c. 623, §2 (NEW).]SECTION HISTORY PL 2001, c. 623, §2 (NEW).
20-A ME Rev Stat § 10981 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412-B: FAMILY DEVELOPMENT ACCOUNT PROGRAM|20-A §10981. Definitions

 §10981. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 2019, c. 239, §4 (NEW).]1.  Account holder.  "Account holder" means an eligible person who owns a family development account.   [PL 2019, c. 239, §4 (NEW).] 2.  Community development organization.  "Community development organization" means a charitable organization, a community action agency or a nonprofit organization under the United States Internal Revenue Code of 1986, Section 501(c)(3) approved by the university to administer family development accounts.   [PL 2019, c. 239, §4 (NEW).] 3.  Eligible person.  "Eligible person" means an individual whose family income is below 200% of the nonfarm income official poverty line as defined by the federal Office of Management and Budget and revised annually in accordance with the United States Omnibus Budget Reconciliation Act of 1981, Section 673, subsection 2.   [PL 2019, c. 239, §4 (NEW).] 4.  Family development account; account.  "Family development account" or "account" means a financial instrument established pursuant to this chapter.   [PL 2019, c. 239, §4 (NEW).] 5.  Family development account reserve fund.  "Family development account reserve fund" means the fund created by a community development organization for the purposes of funding the administrative costs of the program and providing matching funds for deposit in family development accounts.   [PL 2019, c. 239, §4 (NEW).] 6.  Financial institution.  "Financial institution" means a credit union or financial institution authorized to do business in this State under Title 9‑B and that meets standards established by the university.   [PL 2019, c. 239, §4 (NEW).] 7.  Program.  "Program" means the family development account program administered by the university under this chapter.   [PL 2019, c. 239, §4 (NEW).] 8.  University.  "University" means the University of Maine System.   [PL 2019, c. 239, §4 (NEW).] SECTION HISTORY PL 2019, c. 239, §4 (NEW).
20-A ME Rev Stat § 10983 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412-B: FAMILY DEVELOPMENT ACCOUNT PROGRAM|20-A §10983. Withdrawal of funds

 §10983. Withdrawal of funds 1.  Use of funds.  An account holder may withdraw funds from the account with the approval of the community development organization administrator without penalty for the following expenditures:   A. Expenses for education or job training or to attend an accredited or approved postsecondary education or training institution;   [PL 2019, c. 239, §4 (NEW).]B. The purchase or repair of a home that is or will be the person's principal residence;   [PL 2019, c. 239, §4 (NEW).]C. The purchase or repair of a vehicle used for transportation to work or to attend an education or training program;   [PL 2019, c. 239, §4 (NEW).]D. Expenses for an emergency that may cause the loss of shelter, employment or other basic necessities;   [PL 2019, c. 239, §4 (NEW).]E. Capital to start or purchase a small business for any family member who is 18 years of age or older; or   [PL 2019, c. 239, §4 (NEW).]F. Health care costs exceeding $500 not covered by public or private insurance.   [PL 2019, c. 239, §4 (NEW).][PL 2019, c. 239, §4 (NEW).] 2.  Unauthorized withdrawal; penalty.  Money withdrawn from an account by an account holder that is not withdrawn pursuant to subsection 1 may be subject to a penalty of 15%. All penalties must be paid by the account holder and deposited into the family development account reserve fund of the community development organization.   [PL 2019, c. 239, §4 (NEW).] 3.  Death of account holder.  When opening an account an account holder may name a beneficiary and contingent beneficiaries. An account holder may change beneficiaries at any time. When an account holder dies the account must be transferred to the ownership of the designated beneficiary or, if there is none or if the transfer is not possible, the account must be transferred to the estate of the deceased.   [PL 2019, c. 239, §4 (NEW).] 4.  Exempt from taxation.  Account balances and withdrawals are exempt from taxation pursuant to Title 36, chapter 803.   [PL 2019, c. 239, §4 (NEW).] SECTION HISTORY PL 2019, c. 239, §4 (NEW).
20-A ME Rev Stat § 10984 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412-B: FAMILY DEVELOPMENT ACCOUNT PROGRAM|20-A §10984. No reduction in benefits

 §10984. No reduction in benefits Notwithstanding any other rule or provision of state law, the first $10,000 of funds and any accrued interest in an account under this chapter are excluded from consideration in determining eligibility or benefit levels for any assistance or benefit granted under state law.   [PL 2019, c. 239, §4 (NEW).]SECTION HISTORY PL 2019, c. 239, §4 (NEW).
20-A ME Rev Stat § 10986 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 412-B: FAMILY DEVELOPMENT ACCOUNT PROGRAM|20-A §10986. Support of advisory committee

 §10986. Support of advisory committee The university shall provide support to the Advisory Committee on Family Development Accounts under section 10985, certify participating financial institutions and review proposals from community development organizations seeking to manage family development accounts.   [PL 2019, c. 239, §4 (NEW).]SECTION HISTORY PL 2019, c. 239, §4 (NEW).
20-A ME Rev Stat § 11201 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 415: TUITION EQUALIZATION FUND|20-A §11201. Definition (REPEALED)

 §11201. Definition (REPEALED)SECTION HISTORY PL 1981, c. 693, §§5,8 (NEW). PL 1985, c. 318, §5 (RP).
20-A ME Rev Stat § 11202 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 415: TUITION EQUALIZATION FUND|20-A §11202. Tuition equalization fund (REPEALED)

 §11202. Tuition equalization fund (REPEALED)SECTION HISTORY PL 1981, c. 693, §§5,8 (NEW). PL 1985, c. 318, §5 (RP).
20-A ME Rev Stat § 11203 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 415: TUITION EQUALIZATION FUND|20-A §11203. Selection (REPEALED)

 §11203. Selection (REPEALED)SECTION HISTORY PL 1981, c. 693, §§5,8 (NEW). PL 1985, c. 318, §5 (RP).
20-A ME Rev Stat § 11411 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-A: MAINE EDUCATIONAL LOAN PROGRAM|20-A §11411. Maine Educational Loan Program

 §11411. Maine Educational Loan Program There is established the Maine Educational Loan Program, referred to in this chapter as "the program" and administered by the Finance Authority of Maine, to carry out the purposes of this chapter.   [PL 2015, c. 170, §8 (NEW); PL 2015, c. 170, §30 (AFF).]SECTION HISTORY PL 1987, c. 807, §3 (NEW). PL 2015, c. 170, §8 (RPR). PL 2015, c. 170, §30 (AFF).
20-A ME Rev Stat § 11412 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-A: MAINE EDUCATIONAL LOAN PROGRAM|20-A §11412. Declaration of necessity and purpose

 §11412. Declaration of necessity and purpose The Legislature declares that there is a need to provide additional assistance for higher education for residents and inhabitants of this State; the cost of higher education is increasing; assistance to higher education, including recipients and providers of higher education, will benefit the people of this State, enhance their welfare and increase their commerce and economic prosperity; it is the purpose of this chapter to provide assistance to students or the families of students who are residents of this State attending institutions of higher education within or outside of this State, to students and the families of students attending institutions of higher education within this State and to institutions of higher education within this State; the assistance provided by this chapter is intended in part to supplement federal guaranteed higher education loan programs, other student loan programs, grant programs, scholarship programs, programs assisting institutions of higher education and other means of assisting students, families of students and institutions of higher education; and the exercise of the powers to the extent and in the manner provided in this chapter is the exercise of an essential governmental function.   [PL 1987, c. 807, §3 (NEW).]SECTION HISTORY PL 1987, c. 807, §3 (NEW).
20-A ME Rev Stat § 11414 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-A: MAINE EDUCATIONAL LOAN PROGRAM|20-A §11414. Finance Authority of Maine; successor

 §11414. Finance Authority of Maine; successor The Finance Authority of Maine is the successor to the Maine Educational Loan Authority. All properties, rights in land, buildings and equipment and any funds, moneys, revenues and receipts or assets of the Maine Educational Loan Authority, including funds previously appropriated by the State for the Maine Educational Loan Authority, belong to the Finance Authority of Maine as successor, subject to all liens and pledges thereon made by the Maine Educational Loan Authority. All liabilities of the Maine Educational Loan Authority are liabilities of the Finance Authority of Maine. All contracts and undertakings of the Maine Educational Loan Authority are contracts of the Finance Authority of Maine. Any resolution with respect to the making of loans or issuance of bonds by the Maine Educational Loan Authority and any other action taken by them with respect to assistance provided under this chapter must be a resolution of the Finance Authority of Maine or an action taken by the Finance Authority of Maine. All bond obligations of the Maine Educational Loan Authority and all contracts, agreements, obligations, certifications and undertakings of the Maine Educational Loan Authority are obligations, contracts, agreements, certifications and undertakings of the Finance Authority of Maine, except that nothing in this section may be construed to make any obligation of the Maine Educational Loan Authority that is not a general obligation of the Maine Educational Loan Authority a general obligation of the Finance Authority of Maine, and any limitations on these obligations of the Maine Educational Loan Authority, whether by contract or indenture, are limitations on the obligations of the Finance Authority of Maine as successor. Notwithstanding this section, the Finance Authority of Maine shall administer and carry out, as obligations of the Finance Authority of Maine, all obligations of the Maine Educational Loan Authority.   [PL 2015, c. 170, §13 (RPR); PL 2015, c. 170, §30 (AFF).]SECTION HISTORY PL 1987, c. 807, §3 (NEW). PL 2015, c. 170, §13 (RPR). PL 2015, c. 170, §30 (AFF).
20-A ME Rev Stat § 11415 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-A: MAINE EDUCATIONAL LOAN PROGRAM|20-A §11415. Members (REPEALED)

 §11415. Members (REPEALED)SECTION HISTORY PL 1987, c. 807, §3 (NEW). PL 1995, c. 519, §6 (AMD). PL 1999, c. 443, §6 (AMD). PL 1999, c. 728, §13 (AMD). PL 2003, c. 20, §OO2 (AMD). PL 2003, c. 20, §OO4 (AFF). PL 2003, c. 385, §2 (AMD). PL 2005, c. 397, §C12 (AMD). PL 2015, c. 170, §14 (RP). PL 2015, c. 170, §30 (AFF).
20-A ME Rev Stat § 11416 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-A: MAINE EDUCATIONAL LOAN PROGRAM|20-A §11416. Officers; quorum; effective actions (REPEALED)

 §11416. Officers; quorum; effective actions (REPEALED)SECTION HISTORY PL 1987, c. 807, §3 (NEW). PL 2015, c. 170, §15 (RP). PL 2015, c. 170, §30 (AFF).