reglab/housing_qa huggingface dataset:
9-B ME Rev Stat § 1326 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 13: FOREIGN BANKS|Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES|9-B §1326. Involuntary termination of authority and receivership

 §1326. Involuntary termination of authority and receivership 1.  Involuntary termination of authority to operate Maine branch, Maine agency or Maine representative office.  The involuntary termination of authority to operate a Maine branch, Maine agency or Maine representative office is governed by the following.   A. Authority to operate a Maine branch, Maine agency or Maine representative office terminates when the parent foreign bank is dissolved or its authority or existence is otherwise terminated or canceled in the country of its organization.   [PL 1997, c. 182, Pt. B, §3 (NEW).]B. The superintendent may terminate a foreign bank's authority to operate a Maine branch, Maine agency or Maine representative office if the superintendent determines that or has reasonable cause to believe that:   (1) The foreign bank has violated or failed to comply with any of the provisions of this chapter or any of the rules or orders of the superintendent made pursuant to this chapter; or   (2) A conservator is appointed for the foreign bank or a similar proceeding is initiated in the foreign bank's country of organization.   [PL 1997, c. 182, Pt. B, §3 (NEW).]C. A foreign bank whose authority to operate a Maine branch, Maine agency or Maine representative office is revoked by the superintendent may bring an action challenging the superintendent's revocation in Superior Court within 10 days of that revocation. The court must uphold the superintendent's revocation of a foreign bank's authority to operate a Maine branch, Maine agency or Maine representative office unless the court finds that the superintendent's action was arbitrary and capricious.   [PL 1997, c. 182, Pt. B, §3 (NEW).][PL 1997, c. 182, Pt. B, §3 (NEW).] 2.  Receivership.  Whenever the superintendent revokes a foreign bank's authority to operate a Maine branch or Maine agency or whenever any creditor of that foreign bank has obtained a judgment against the foreign bank arising out of a transaction with a branch or agency in any court of record of the United States or any state of the United States and made application, accompanied by a certificate from the clerk of the court stating that that judgment has been rendered and has remained unpaid for a period of 30 days, or whenever the superintendent becomes satisfied that that foreign bank is insolvent, the superintendent may, after due consideration of its affairs, appoint a receiver who shall take possession of all the property and assets of that foreign bank in Maine pursuant to provisions of chapter 36.   [PL 1997, c. 182, Pt. B, §3 (NEW).] SECTION HISTORY PL 1997, c. 182, §B3 (NEW).
9-B ME Rev Stat § 1327 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 13: FOREIGN BANKS|Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES|9-B §1327. Interstate operations of Maine foreign banks

 §1327. Interstate operations of Maine foreign banks 1.  Establishment.  A Maine foreign bank may establish and operate a branch in another state in accordance with section 1312. The establishment of that branch may be de novo or through merger, acquisition or other consolidation.   [PL 1997, c. 182, Pt. B, §3 (NEW).] 2.  Activities.  A Maine foreign bank may conduct any activity at that branch that is permissible for a foreign bank in that host state, as defined in section 131, subsection 20‑B.   [PL 1997, c. 182, Pt. B, §3 (NEW).] SECTION HISTORY PL 1997, c. 182, §B3 (NEW).
9-B ME Rev Stat § 1328 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 13: FOREIGN BANKS|Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES|9-B §1328. Interstate operations of out-of-state foreign banks

 §1328. Interstate operations of out-of-state foreign banks 1.  Establishment.  An out-of-state foreign bank may establish a branch or agency in this State in accordance with the procedures set forth in section 373, subsection 3. The establishment of that branch or agency may be de novo or through merger, acquisition or other consolidation.   [PL 1997, c. 182, Pt. B, §3 (NEW).] 2.  Activities.  The activities of branches or agencies located in this State by out-of-state foreign banks are governed by the provisions of this chapter and section 376, subsection 2.   [PL 1997, c. 182, Pt. B, §3 (NEW).] SECTION HISTORY PL 1997, c. 182, §B3 (NEW).
9-B ME Rev Stat § 1329 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 13: FOREIGN BANKS|Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES|9-B §1329. Rule-making authority

 §1329. Rule-making authority The superintendent may adopt rules to supplement the requirements of this chapter. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II-A.   [PL 1997, c. 182, Pt. B, §3 (NEW).]SECTION HISTORY PL 1997, c. 182, §B3 (NEW).
10 ME Rev Stat § 1 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 1: PROMOTION OF MAINE|10 §1. State level (REPEALED)

 §1. State level (REPEALED)SECTION HISTORY PL 1969, c. 455, §4 (RP).
10 ME Rev Stat § 2 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 1: PROMOTION OF MAINE|10 §2. County level

 §2. County level Any county may expend not exceeding the sum of $5,000 annually under the direction of the county commissioners, to be accounted for as other moneys of the county, for advertising or promoting the natural resources, advantages and attractions of such county.
10 ME Rev Stat § 12 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 1-A: INTERNATIONAL TRADE AND THE ECONOMY|10 §12. Quorum

 §12. Quorum For purposes of holding a meeting, a quorum is 9 members. A quorum must be present to start a meeting but not to continue or adjourn a meeting. For purposes of voting, a quorum is 7 voting members.   [PL 2015, c. 400, §1 (AMD).]SECTION HISTORY PL 2007, c. 266, §4 (NEW). PL 2015, c. 400, §1 (AMD).
10 ME Rev Stat § 13 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 1-A: INTERNATIONAL TRADE AND THE ECONOMY|10 §13. Legislative approval of trade agreements

 §13. Legislative approval of trade agreements 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following terms have the following meanings.   A. "Commission" means the Citizen Trade Policy Commission established in Title 5, section 12004-I, subsection 79-A.   [PL 2009, c. 385, §1 (NEW).]B. "Trade agreement" means an agreement reached between the United States Government and any other country, countries or other international political entity or entities that proposes to regulate trade, procurement, services or investment among the parties to the agreement. "Trade agreement" includes, but is not limited to, any agreements under the auspices of the World Trade Organization, all regional free trade agreements, including the North American Free Trade Agreement and the Central America Free Trade Agreement and all bilateral agreements entered into by the United States, as well as requests for binding agreement received from the United States Trade Representative.   [PL 2009, c. 385, §1 (NEW).][PL 2009, c. 385, §1 (NEW).] 2.  State official prohibited from binding the State.  If the United States Government provides the State with the opportunity to consent to or reject binding the State to a trade agreement, or a provision within a trade agreement, then an official of the State, including but not limited to the Governor, may not bind the State or give consent to the United States Government to bind the State in those circumstances, except as provided in this section.   [PL 2009, c. 385, §1 (NEW).] 3.  Receipt of request for trade agreement.  When a communication from the United States Trade Representative concerning a trade agreement provision is received by the State, the Governor shall submit a copy of the communication and the proposed trade agreement, or relevant provisions of the trade agreement, to the chairs of the commission, the President of the Senate, the Speaker of the House of Representatives, the Maine International Trade Center and the joint standing committees of the Legislature having jurisdiction over state and local government matters and business, research and economic development matters.   [PL 2009, c. 385, §1 (NEW).] 4.  Review by commission.  The commission, in consultation with the Maine International Trade Center, shall review and analyze the trade agreement and issue a report on the potential impact on the State of agreeing to be bound by the trade agreement, including any necessary implementing legislation, to the Legislature and the Governor.   [PL 2009, c. 385, §1 (NEW).] 5.  Legislative approval of trade agreement required.  Unless the Legislature by proper enactment of a law authorizes the Governor or another official of the State to enter into the specific proposed trade agreement, the State may not be bound by that trade agreement.   [PL 2009, c. 385, §1 (NEW).] SECTION HISTORY PL 2009, c. 385, §1 (NEW).
10 ME Rev Stat § 251 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 4: REQUIREMENTS FOR CERTIFICATION OF NUCLEAR POWER PLANTS BY THE PUBLIC UTILITIES COMMISSION|10 §251. Definitions (REALLOCATED TO TITLE 35, SECTION 3371)

 §251. Definitions (REALLOCATED TO TITLE 35, SECTION 3371)SECTION HISTORY PL 1977, c. 355 (NEW). PL 1983, c. 345, §§12,14 (RAL).
10 ME Rev Stat § 252 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 4: REQUIREMENTS FOR CERTIFICATION OF NUCLEAR POWER PLANTS BY THE PUBLIC UTILITIES COMMISSION|10 §252. Requirements prior to certification of nuclear power plants by the Public Utilities Commission (REALLOCATED TO TITLE 35, SECTION 3372)

 §252. Requirements prior to certification of nuclear power plants by the Public Utilities Commission (REALLOCATED TO TITLE 35, SECTION 3372)  SECTION HISTORY PL 1977, c. 355 (NEW). PL 1983, c. 345, §§12,14 (RAL).
10 ME Rev Stat § 253 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 4: REQUIREMENTS FOR CERTIFICATION OF NUCLEAR POWER PLANTS BY THE PUBLIC UTILITIES COMMISSION|10 §253. Power to certify (REALLOCATED TO TITLE 35, SECTION 3373)

 §253. Power to certify (REALLOCATED TO TITLE 35, SECTION 3373)SECTION HISTORY PL 1977, c. 355 (NEW). PL 1983, c. 345, §§12,14 (RAL).
10 ME Rev Stat § 254 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 4: REQUIREMENTS FOR CERTIFICATION OF NUCLEAR POWER PLANTS BY THE PUBLIC UTILITIES COMMISSION|10 §254. Certification of nuclear power plants (REALLOCATED TO TITLE 35, SECTION 3374)

 §254. Certification of nuclear power plants (REALLOCATED TO TITLE 35, SECTION 3374)SECTION HISTORY PL 1977, c. 355 (NEW). PL 1983, c. 345, §§12,14 (RAL).
10 ME Rev Stat § 255 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 4: REQUIREMENTS FOR CERTIFICATION OF NUCLEAR POWER PLANTS BY THE PUBLIC UTILITIES COMMISSION|10 §255. Commission action upon petition (REALLOCATED TO TITLE 35, SECTION 3375)

 §255. Commission action upon petition (REALLOCATED TO TITLE 35, SECTION 3375)SECTION HISTORY PL 1977, c. 355 (NEW). PL 1983, c. 345, §§12,14 (RAL).
10 ME Rev Stat § 256 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 4: REQUIREMENTS FOR CERTIFICATION OF NUCLEAR POWER PLANTS BY THE PUBLIC UTILITIES COMMISSION|10 §256. Commission action if power to grant certificates not granted (REALLOCATED TO TITLE 35, SECTION 3376)

 §256. Commission action if power to grant certificates not granted (REALLOCATED TO TITLE 35, SECTION 3376)SECTION HISTORY PL 1977, c. 355 (NEW). PL 1983, c. 345, §§12,14 (RAL).
10 ME Rev Stat § 301 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §301. Compact entered into by State (REPEALED)

 §301. Compact entered into by State (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 302 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §302. Findings -- Article I (REPEALED)

 §302. Findings -- Article I (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 303 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §303. Purpose -- Article II (REPEALED)

 §303. Purpose -- Article II (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 304 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §304. Creation of commission -- Article III (REPEALED)

 §304. Creation of commission -- Article III (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). PL 1983, c. 812, §60 (AMD). PL 1989, c. 503, §B50 (AMD). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 305 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §305. Membership -- Article IV (REPEALED)

 §305. Membership -- Article IV (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 306 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §306. Functions -- Article V (REPEALED)

 §306. Functions -- Article V (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 307 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §307. Cooperation with the Federal Government and other Governmental Entities -- Article VI (REPEALED)

 §307. Cooperation with the Federal Government and other Governmental Entities -- Article VI (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 308 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §308. Meetings and voting -- Article VII (REPEALED)

 §308. Meetings and voting -- Article VII (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 309 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §309. Finances -- Article VIII (REPEALED)

 §309. Finances -- Article VIII (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). PL 1983, c. 812, §61 (AMD). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 310 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §310. Administration and management -- Article IX (REPEALED)

 §310. Administration and management -- Article IX (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 311 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §311. Other compacts and activities -- Article X (REPEALED)

 §311. Other compacts and activities -- Article X (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 312 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §312. Enactment -- Article XI (REPEALED)

 §312. Enactment -- Article XI (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 313 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §313. Withdrawal -- Article XII (REPEALED)

 §313. Withdrawal -- Article XII (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 314 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §314. Construction and severability -- Article XIII (REPEALED)

 §314. Construction and severability -- Article XIII (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 315 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §315. Appointment of state member -- Article XIV (REPEALED)

 §315. Appointment of state member -- Article XIV (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 316 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §316. Retirement coverage -- Article XV (REPEALED)

 §316. Retirement coverage -- Article XV (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 317 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §317. Renunciation -- XVI (REPEALED)

 §317. Renunciation -- XVI (REPEALED)SECTION HISTORY PL 1967, c. 487 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 318 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 5: NEW ENGLAND INTERSTATE PLANNING COMPACT|10 §318. Repeal (REPEALED)

 §318. Repeal (REPEALED)SECTION HISTORY PL 1999, c. 668, §80 (NEW). MRSA T. 10 §318 (RP).
10 ME Rev Stat § 351 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §351. Definitions (REPEALED)

 §351. Definitions (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1989, c. 552, §1 (AMD). PL 1995, c. 699, §2 (RP).
10 ME Rev Stat § 352 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §352. Fund established (REPEALED)

 §352. Fund established (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1995, c. 699, §2 (RP).
10 ME Rev Stat § 353 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §353. Board (REPEALED)

 §353. Board (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1991, c. 622, §S21 (RP).
10 ME Rev Stat § 354 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §354. Duties of board (REPEALED)

 §354. Duties of board (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1995, c. 699, §2 (RP).
10 ME Rev Stat § 355 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §355. Grants (REPEALED)

 §355. Grants (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1989, c. 552, §2 (AMD). PL 1995, c. 699, §2 (RP).
10 ME Rev Stat § 356 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §356. Purposes for which grants may be awarded (REPEALED)

 §356. Purposes for which grants may be awarded (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1995, c. 699, §2 (RP).
10 ME Rev Stat § 357 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 7: PINE TREE PARTNERSHIP FUND|10 §357. Repeal (REPEALED)

 §357. Repeal (REPEALED)SECTION HISTORY PL 1985, c. 468, §2 (NEW). PL 1989, c. 552, §3 (RP).
10 ME Rev Stat § 361 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 9: ALLOCATION OF STATE CEILING ON TAX-EXEMPT BONDS|10 §361. Definitions

 §361. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1985, c. 594, §1 (NEW).]1.  Bond.  "Bond" means a revenue obligation security, bond, note, debenture, certificate or other evidence of indebtedness of the State or any political subdivision of the State.   [PL 1985, c. 594, §1 (NEW).] 2.  Carryforward.  "Carryforward" means that portion of the state ceiling for any calendar year which is unallocated to specific bond issues during that calendar year and which is available to be carried forward to be used in later years under the United States Code, Title 26.   [PL 1987, c. 413, §1 (AMD).] 3.  Federal formula.  "Federal formula" means the formula or formulas for allocation of the state ceiling now or hereafter established under the United States Code, Title 26.   [PL 1985, c. 594, §1 (NEW).] 4.  Solid waste energy project.  "Solid waste energy project" means a project designed to convert solid waste to electricity or steam.   [PL 1985, c. 594, §1 (NEW).] 5.  State ceiling.  "State ceiling" means the annual dollar volume cap on the issuance of tax-exempt bonds now or hereafter imposed on the State and its agencies and governmental subdivisions by the United States Code, Title 26.   [PL 1985, c. 594, §1 (NEW).] 6.  Tax-exempt bond.  "Tax-exempt bond" means a bond the interest on which is not included in the gross income of the owners for federal income tax purposes pursuant to the United States Code, Title 26, Section 103.   [PL 1987, c. 413, §2 (AMD).] SECTION HISTORY PL 1985, c. 594, §1 (NEW). PL 1987, c. 413, §§1,2 (AMD).
10 ME Rev Stat § 362 (2021)
2021 Maine Revised Statutes|TITLE 10: COMMERCE AND TRADE|Part 1: GENERAL PROVISIONS|Chapter 9: ALLOCATION OF STATE CEILING ON TAX-EXEMPT BONDS|10 §362. Legislative purpose

 §362. Legislative purpose The Legislature finds and declares that the availability of financing through use of tax-exempt bonds is an effective and necessary tool for economic development, ensuring an adequate supply of affordable housing, providing for loans for higher education and promoting and improving the health, safety, welfare and quality of life of the people of the State. Because the availability of the financing is largely determined by the United States Internal Revenue Code and because there is a statewide need to assure that the limited amount of tax-exempt financing available is used in the most efficacious manner by issuers of bonds in the State to provide the greatest benefits to the State, the Legislature determines that the legislative purpose of promoting the best use of a limited resource can be best met by authorizing the Legislature and certain designated issuers of bonds to allocate available amounts of tax-exempt bond authority among issuers. This chapter is intended to apply to the federal formulas in effect on the effective date of this chapter, as well as to any unified volume limitation that may be enacted subsequently by the United States Congress. Any action by the designated issuers pursuant to this chapter is expressly delegated to those issuers by the Legislature for purposes of determining whether such action is authorized by the United States Code, Title 26.   [PL 1987, c. 413, §3 (AMD).]SECTION HISTORY PL 1985, c. 594, §1 (NEW). PL 1987, c. 413, §3 (AMD).