reglab/statecodes huggingface dataset:
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §971. Actions of the members

§971. Actions of the members
Seven members of the authority constitute a quorum of the members. The affirmative vote of the greater of 5 members, present and voting, or a majority of those members present and voting is necessary for any action taken by the members. A vacancy in the membership of the authority does not impair the right of the quorum to exercise all powers and perform all duties of the members.   [PL 2021, c. 572, §1 (AMD).]
1.  Placement of call.
[PL 2021, c. 572, §1 (RP).]
2.  Record of call.
[PL 2021, c. 572, §1 (RP).]
3.  Notice of emergency meeting.
[PL 2021, c. 572, §1 (RP).]
SECTION HISTORY
PL 1983, c. 519, §6 (NEW). PL 1985, c. 344, §20 (AMD). PL 1985, c. 714, §8 (AMD). PL 1995, c. 117, §C1 (AMD). PL 2021, c. 572, §1 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §973. Conflicts of interest

§973. Conflicts of interest
Notwithstanding Title 5, section 18, subsection 1, paragraph B, each member of the authority and each employee, contractor, agent or other representative of the authority is deemed an "executive employee" solely for purposes of Title 5, section 18, and for no other purpose, except that the chief executive officer in addition is deemed an "executive employee" for purposes of Title 5, section 19. Title 17, section 3104 does not apply to any of those representatives.   [PL 2001, c. 417, §8 (AMD).]
SECTION HISTORY
PL 1983, c. 519, §6 (NEW). PL 1985, c. 344, §22 (RPR). PL 1989, c. 598, §7 (AMD). PL 1989, c. 698, §8 (AMD). PL 1993, c. 359, §C5 (AMD). PL 1993, c. 460, §3 (AMD). PL 1993, c. 460, §9 (AFF). PL 1995, c. 462, §A16 (RPR). PL 2001, c. 417, §8 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §975. Records confidential (REPEALED)

§975. Records confidential
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §6 (NEW). PL 1985, c. 344, §24 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §976. Liberal construction

§976. Liberal construction
This chapter, being necessary for the welfare of the State and its inhabitants, shall be liberally construed. In the event of any conflict between this chapter and any other law, this chapter shall prevail, but the power and authority granted is deemed to be in addition to and not in derogation of power and authority granted by any other law.   [PL 1983, c. 519, §6 (NEW).]
SECTION HISTORY
PL 1983, c. 519, §6 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §977. The Finance Authority of Maine; successor

§977. The Finance Authority of Maine; successor
The authority shall be the successor to the Maine Guarantee Authority, the Maine Veterans Small Business Loan Authority and the Maine Small Business Loan Authority. All properties, rights in land, buildings and equipment and any funds, moneys, revenues and receipts or assets of each of the authorities, including funds previously appropriated by the State for the Maine Guarantee Authority, the Maine Veterans Small Business Loan Authority and the Maine Small Business Loan Authority shall belong to the Finance Authority of Maine as successor. All liabilities of the Maine Guarantee Authority, the Maine Veterans Small Business Loan Authority and the Maine Small Business Loan Authority shall become liabilities of the Finance Authority of Maine. Any resolution with respect to the issuance of bonds or insurance by the Maine Guarantee Authority, the Maine Veterans Small Business Loan Authority, the Maine Small Business Loan Authority and any other action taken by them with respect to assisting in the financing of any project shall be a resolution of the Finance Authority of Maine or an action taken by the Finance Authority of Maine.   [PL 1983, c. 519, §6 (NEW).]
SECTION HISTORY
PL 1983, c. 519, §6 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §978. Governmental function

§978. Governmental function
The Finance Authority of Maine shall administer and exercise the authority granted to it by this chapter. The carrying out of its powers and duties is deemed the performance of an essential governmental function.   [PL 1983, c. 519, §6 (NEW).]
SECTION HISTORY
PL 1983, c. 519, §6 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §979. Employment plan

§979. Employment plan
The authority and its chief executive officer shall ensure that each applicant for assistance submit an employment plan which describes the business and its products or services and which provides information on new employment opportunities, including types of jobs, skills and training necessary for placement and training the applicant could provide. The chief executive officer shall provide this information to the Department of Labor and the Department of Health and Human Services. This provision shall apply only to those applicants with more than 10 employees.   [PL 1987, c. 697, §4 (RPR); PL 2003, c. 689, Pt. B, §6 (REV).]
SECTION HISTORY
PL 1983, c. 730, §3 (NEW). PL 1987, c. 697, §4 (RPR). PL 2003, c. 689, §B6 (REV).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §980. Taxation and fees

§980. Taxation and fees
Notwithstanding any other provision of law, for the purposes of this chapter, transactions and property of the authority shall be treated as follows.   [PL 1985, c. 344, §26 (NEW).]
1.  Revenue obligation securities; exemption from taxation.
Revenue obligation securities of the authority are declared to be issued for an essential public and governmental purpose and to be public instruments and, together with interest and income, including the profit made from their transfer or sale, shall be exempt from taxation within the State.
[PL 1985, c. 344, §26 (NEW).]
2.  Conveyances, leases, mortgages, deeds of trust; indentures; exemptions from taxation.
Conveyances by or to the authority and leases, mortgages and deeds of trust or trust indentures by or to the authority shall be exempt from all taxation by the State or any of its political subdivisions, including, but not limited to, any applicable license, excise or other taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage.
[PL 1985, c. 344, §26 (NEW).]
3.  Property exemption from taxation and other assessments.
Property acquired, held or transferred by the authority shall be exempt from all taxes and from betterments and special assessments of the city, town, county, State or any political subdivision thereof. The authority may agree to make payments in lieu of taxes to the applicable political subdivisions.
[PL 1985, c. 344, §26 (NEW).]
SECTION HISTORY
PL 1985, c. 344, §26 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §980-A. Allocation of federal bond ceiling

§980-A. Allocation of federal bond ceiling
The authority may, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish a process that is different from the federal formula for allocating that portion of the ceiling established by the United States Code, Title 26, Section 146, as amended, allocated to the authority pursuant to section 363. For purposes of this section, the authority may also limit the types of projects which are eligible to receive allocations of the ceiling and establish other requirements and limitations for assuring effective and efficient use of the ceiling. The authority shall include in its report pursuant to section 974 a description of its operations pursuant to this section for the most recent calendar year and of its plans, if any, to revise any allocation system established pursuant to this section. The chief executive officer is designated as the state official authorized to issue the certification under the United States Code, Title 26, Section 149(e)(2)(F), as amended, for allocations of the state ceiling allocated to the authority pursuant to section 363.   [PL 1987, c. 3, §3 (AMD).]
SECTION HISTORY
PL 1985, c. 344, §26 (NEW). PL 1985, c. 594, §2 (AMD). PL 1987, c. 3, §3 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §980-B. Maine Veterans' Small Business Loan Board (REPEALED)

§980-B. Maine Veterans' Small Business Loan Board
(REPEALED)
SECTION HISTORY
PL 1985, c. 344, §26 (NEW). PL 1989, c. 503, §B52 (AMD). PL 1989, c. 857, §46 (RPR). PL 1991, c. 511, §A4 (AMD). PL 1991, c. 622, §S22 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §980-C. Location or use of collateral

§980-C. Location or use of collateral
The authority shall, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish for each program governed by or operated pursuant to this chapter requirements and limitations for assuring that any eligible project or collateral maintains minimum contact with the State. In the case of real estate, the authority shall require that the real estate be located within the State. The authority shall establish requirements and limitations pertaining to fishing or other vessels.   [PL 1985, c. 344, §26 (NEW).]
SECTION HISTORY
PL 1985, c. 344, §26 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1: FINANCE AUTHORITY OF MAINE ACT › 10 §980-D. Payroll Processor Recovery Fund

§980-D. Payroll Processor Recovery Fund
The Payroll Processor Recovery Fund, referred to in this section as "the fund," is created. The fund must be deposited with and maintained by the authority. The fund must be administered by the Superintendent of Consumer Credit Protection within the Department of Professional and Financial Regulation, referred to in this section as "the fund administrator," in accordance with the provisions of chapter 222. All money received by the authority from the fund administrator for the purpose of providing a source of recovery for employers injured by a payroll processor's failure to pay taxes or unemployment premiums must be credited to the fund. A portion of the interest earned on money in the fund may be used to pay the fund maintenance expenses of the authority; the balance must be credited to the fund. The balance in the fund must revert to the fund administrator if the need for the fund is obviated.   [PL 2005, c. 500, §1 (NEW); PL 2007, c. 273, Pt. B, §6 (REV); PL 2007, c. 695, Pt. A, §47 (AFF).]
SECTION HISTORY
PL 2005, c. 500, §1 (NEW). PL 2007, c. 273, Pt. B, §6 (REV). PL 2007, c. 273, Pt. B, §7 (AFF). PL 2007, c. 695, Pt. A, §47 (AFF).
2023 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 › 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 this end;
[PL 1983, c. 519, §7 (NEW).]
2.  Current and increased production.
To maintain the land and water base necessary to the production of food and fiber and to encourage the continuation and expansion of successful production of the natural resource products of the State in order to secure adequate food and fiber to the people of the State, to secure markets and to assure the stability of the local economy;
[PL 1983, c. 519, §7 (NEW).]
3.  Value added.
To encourage the creation and expansion of processing or manufacturing enterprises adding value to agricultural, forestry and fisheries products, grown or harvested in the State;
[PL 1983, c. 519, §7 (NEW).]
4.  Market improvements.
To coordinate, improve and expand the marketing of raw, processed and manufactured products of the fisheries, farms and forests of the State;
[PL 1983, c. 519, §7 (NEW).]
5.  Employment opportunities.
To expand opportunities for full and part-time gainful employment and facilitate entry into farming, fishing and forestry in order to maintain adequate food and fiber production capabilities in the State and to improve the unemployment situation in the State and the demands on state services which arise because of unemployment and related problems;
[PL 1983, c. 519, §7 (NEW).]
6.  Expanded participation of lending institutions and improved credit opportunities.
To provide for additional capital resources for natural resource enterprises from the sale of bonds and to otherwise make adequate credit available at interest rates that enable persons to enter, maintain and expand natural resource enterprises; to encourage the investment of private capital and the diversification and competition among financing institutions in the natural resource sector; and
[PL 1983, c. 519, §7 (NEW).]
7.  Improved technical assistance.
To provide a central source for credit information and other financial management training and services to farmers, fishermen and foresters to better enable them to obtain adequate financial assistance from existing sources and to provide similar technical assistance, research and service in marketing products of natural resource enterprises.
[PL 1983, c. 519, §7 (NEW).]
SECTION HISTORY
PL 1983, c. 519, §7 (NEW).
2023 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 › 10 §983. Definitions (REPEALED)

§983. Definitions
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §28 (RP).
2023 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 › 10 §985. The Natural Resource Financing and Marketing Board (REPEALED)

§985. The Natural Resource Financing and Marketing Board
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1983, c. 812, §65 (AMD). PL 1985, c. 344, §30 (AMD). PL 1987, c. 402, §A89 (AMD). PL 1989, c. 4, §2 (AMD). PL 2001, c. 417, §10 (RP).
2023 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 › 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 conditions as may be agreed upon by the authority from time to time. These terms may include, but are not limited to, requirements as to prepayment, period of repayment, interest rate, rentals, project design and planning, security requirements and evidences of indebtedness. The authority may require a borrower to execute a note, loan agreement or other evidence of indebtedness and furnish additional assurances and guarantees, including insurance, reasonably related to protecting the security of the loan.
[PL 1985, c. 344, §33 (AMD).]
2.  Assured compliance.
The authority may, by rule, provide for permitted assumptions of loans or for other transfers of interest in property financed by the authority to persons who are otherwise qualified to receive assistance under this chapter. In all other cases, the person receiving the financing assistance shall agree, in writing, to use the land or property so acquired only for the purposes specified in the application to or subsequent written agreement with the authority. These agreements shall be recorded in the registry of deeds for the county or counties in which the property is located.
The authority, at its option, may declare immediately payable all amounts due the authority if all or a part of the land, facilities or other property involved is leased, sold or otherwise transferred to another person.
[PL 1985, c. 344, §34 (AMD).]
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §§33,34 (AMD).
2023 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 › 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 fund;   [PL 1989, c. 552, §12 (NEW).]
B. Subject to any pledge, contract or other obligation, all interest, dividends or other pecuniary gains from investment of money of the fund;   [PL 1989, c. 552, §12 (NEW).]
C. Subject to any pledge, contract or other obligation, any money which the authority receives in repayment of advances from the fund; and   [PL 1989, c. 552, §12 (NEW).]
D. Any other money available to the authority and directed by the authority to be paid into the fund.   [PL 1989, c. 552, §12 (NEW).]
[PL 1989, c. 552, §12 (NEW).]
3.  Application of fund.
Money in the fund may be applied to carry out any power of the authority under or in connection with section 988‑B, including, without limitation, to pledge or transfer and deposit money in the fund as security for and to apply money in the fund in payment of principal, interest, dividends and other amounts due on secured loans or equity interests. Money in the fund may be used for direct loans in connection with a project eligible under section 988‑B. The authority, pursuant to the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter II, shall adopt rules for determining eligibility, feasibility, terms, conditions and security for direct loans or secured loans or investments. Money in the fund not needed currently to meet the obligations of the authority as provided in this section may be invested in a manner permitted by law.
[PL 1989, c. 552, §12 (NEW).]
4.  Accounts within fund.
The authority may divide the fund into separate accounts as it determines necessary or convenient for carrying out this section, including, but not limited to, accounts reserved for direct loan funds.
[PL 1989, c. 552, §12 (NEW).]
5.  Revolving fund.
The fund shall be a nonlapsing, revolving fund. All money in the fund shall be continuously applied by the authority to carry out this section and section 988‑B.
[PL 1989, c. 552, §12 (NEW).]
SECTION HISTORY
PL 1989, c. 552, §12 (NEW).
2023 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 › 10 §989. Financing assistance to and purchases of loans (REPEALED)

§989. Financing assistance to and purchases of loans
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §990. Bonds of the authority (REPEALED)

§990. Bonds of the authority
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §991. Refunding bonds (REPEALED)

§991. Refunding bonds
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §992. Notice requirements (REPEALED)

§992. Notice requirements
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §993. Reserve funds and appropriations (REPEALED)

§993. Reserve funds and appropriations
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §994. Remedies of bondholders and noteholders (REPEALED)

§994. Remedies of bondholders and noteholders
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §995. Agreement of the State (REPEALED)

§995. Agreement of the State
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §996. Bonds and notes as legal investments (REPEALED)

§996. Bonds and notes as legal investments
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §35 (RP).
2023 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 › 10 §997-A. Agriculturally Derived Fuel Fund (REPEALED)

§997-A. Agriculturally Derived Fuel Fund
(REPEALED)
SECTION HISTORY
PL 1999, c. 474, §2 (NEW). PL 2007, c. 395, §§5, 6 (AMD). PL 2009, c. 124, §1 (RP).
2023 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 › 10 §997-B. Agricultural Products Utilization Commission (REPEALED)

§997-B. Agricultural Products Utilization Commission
(REPEALED)
SECTION HISTORY
PL 1999, c. 474, §2 (NEW). PL 1999, c. 731, §VVV3 (AMD). PL 2007, c. 395, §7 (RP).
2023 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 › 10 §998. Limitation of liability (REPEALED)

§998. Limitation of liability
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §37 (RP).
2023 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 › 10 §999. Taxation and fees (REPEALED)

§999. Taxation and fees
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §37 (RP).
2023 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 › 10 §1000. Annual report (REPEALED)

§1000. Annual report
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §37 (RP).
2023 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 › 10 §1000-A. Liberal construction (REPEALED)

§1000-A. Liberal construction
(REPEALED)
SECTION HISTORY
PL 1983, c. 519, §7 (NEW). PL 1985, c. 344, §37 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1001. Definitions (REPEALED)

§1001. Definitions
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §7 (RPR). PL 1983, c. 648, §§1,2 (AMD). PL 1983, c. 699, §§1,2 (AMD). PL 1983, c. 856, §1 (AMD). PL 1983, c. 862, §30 (AMD). PL 1985, c. 344, §38 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1002. General powers (REPEALED)

§1002. General powers
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §7 (RPR). PL 1983, c. 856, §§2,3 (AMD). PL 1985, c. 344, §39 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1003. Definitions (REPEALED)

§1003. Definitions
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1981, c. 698, §49 (AMD). PL 1981, c. 698, §50 (AMD). PL 1983, c. 519, §6 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1004. Organization (REPEALED)

§1004. Organization
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1981, c. 698, §§51,52 (AMD). PL 1983, c. 519, §6 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1005. General powers (REPEALED)

§1005. General powers
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1981, c. 698, §53 (AMD). PL 1983, c. 499, §1 (AMD). PL 1983, c. 519, §6 (RP). PL 1985, c. 506, §B9 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1006. Investment plan; reports (REPEALED)

§1006. Investment plan; reports
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §6 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1007. Records confidential (REPEALED)

§1007. Records confidential
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §6 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1008. Liberal construction (REPEALED)

§1008. Liberal construction
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §6 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-B: DIVISION OF MAINE BUSINESS DEVELOPMENT AND FINANCE › 10 §1009. Governmental function (REPEALED)

§1009. Governmental function
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §6 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-C: NATURAL DISASTER BUSINESS ASSISTANCE › 10 §1011. Natural Disaster Business Assistance Fund

§1011. Natural Disaster Business Assistance Fund
1.  Fund established.
The Natural Disaster Business Assistance Fund is established under the jurisdiction of the Finance Authority of Maine.
[PL 1987, c. 159, §1 (NEW).]
2.  Sources of fund.
The following shall be paid into the fund:
A. All money appropriated for inclusion in the fund;   [PL 1987, c. 159, §1 (NEW).]
B. Subject to any pledge, contract or other obligation, any money which the authority receives in repayment of loans or advances from the fund;   [PL 1987, c. 159, §1 (NEW).]
C. Subject to any pledge, contract or other obligation, all interest, dividends or other income from investment of the fund; and   [PL 1987, c. 159, §1 (NEW).]
D. Any other money, including federal money, deposited in the fund to implement the provisions of this subchapter.   [PL 1987, c. 159, §1 (NEW).]
[PL 1987, c. 159, §1 (NEW).]
3.  Application of fund.
The authority may apply money in the fund to carry out any power of the authority under this subchapter, including, without limitation, to make loans or to pledge or transfer and deposit money in the fund as security for, and to apply money in the fund in payment of principal of, interest and other amounts due on loans made or secured by the authority pursuant to this subchapter. Money in the fund not needed currently to meet the obligations of the authority as provided for in this subchapter may be invested in such manner as may be permitted by law.
[PL 1987, c. 159, §1 (NEW).]
4.  Accounts within fund.
The authority may divide the funds into such separate accounts as it determines necessary or convenient for carrying out this subchapter.
[PL 1987, c. 159, §1 (NEW).]
5.  Revolving fund.
The fund shall be a nonlapsing revolving fund. All money in the fund shall be continuously applied by the authority to carry out this subchapter.
[PL 1987, c. 159, §1 (NEW).]
6.  Commitment and administrative fees.
The authority may fix commitment fees in an amount not to exceed 1% of the initial principal amount of a loan made or insured under this subchapter. These fees shall be deposited into the fund created under this section.
[PL 1987, c. 159, §1 (NEW).]
SECTION HISTORY
PL 1987, c. 159, §1 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-D: STUDENT FINANCIAL ASSISTANCE PROGRAM › 10 §1014. Loan insurance program

§1014. Loan insurance program
The authority may establish and administer a student loan insurance program as provided in Title 20‑A, chapter 417.   [PL 1989, c. 698, §10 (NEW).]
1.  Agency of jurisdiction for guaranteed loan program.
For the purpose of the Constitution of Maine, Article VIII, Part First, Section 2, the authority, in accordance with Title 20‑A, chapter 417, is the agency authorized under the federal guaranteed loan program to direct the issuance of bonds, to loan funds and to secure funds for loans to Maine students attending institutions of higher education.
[PL 1989, c. 698, §10 (NEW).]
SECTION HISTORY
PL 1989, c. 698, §10 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-D: STUDENT FINANCIAL ASSISTANCE PROGRAM › 10 §1015. Legal services

§1015. Legal services
Upon request of the authority, the Attorney General shall provide legal services related to implementation of this subchapter.   [PL 1989, c. 698, §10 (NEW).]
SECTION HISTORY
PL 1989, c. 698, §10 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-D: STUDENT FINANCIAL ASSISTANCE PROGRAM › 10 §1016. Maine Education Assistance Board (REPEALED)

§1016. Maine Education Assistance Board
(REPEALED)
SECTION HISTORY
PL 1989, c. 598, §8 (NEW). PL 1989, c. 698, §10 (RPR). PL 1989, c. 700, §A37 (AMD). PL 1989, c. 878, §F1 (AMD). PL 1995, c. 519, §4 (AMD). PL 2001, c. 417, §14 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-D: STUDENT FINANCIAL ASSISTANCE PROGRAM › 10 §1017. Sunset (REPEALED)

§1017. Sunset
(REPEALED)
SECTION HISTORY
PL 1989, c. 698, §10 (NEW). PL 1991, c. 832, §2 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-E: NURSING EDUCATION › 10 §1019. Nursing education loan repayment program

§1019. Nursing education loan repayment program
1.  Nursing education loan repayment program.
The nursing education loan repayment program is established for the purpose of increasing the number of nursing faculty in nursing education programs in the State.
[PL 2005, c. 417, §1 (NEW).]
2.  Criteria.
For an applicant to participate in the nursing education loan repayment program established under subsection 1, the applicant must:
A. Be a nurse;   [PL 2005, c. 417, §1 (NEW).]
B. Be currently enrolled in a master's or doctoral degree program in nursing or have completed a master's or doctoral degree in nursing;   [PL 2021, c. 483, Pt. FF, §1 (AMD).]
C. Possess an outstanding education loan relating to the master's or doctoral nursing degree; and   [PL 2005, c. 417, §1 (NEW).]
D. Sign a statement of intent in a form acceptable to the authority to work as full-time or part-time nursing faculty in a nursing education program in the State for a minimum of 3 years after acceptance into the nursing education loan repayment program.   [PL 2023, c. 412, Pt. CC, §1 (AMD).]
[PL 2023, c. 412, Pt. CC, §1 (AMD).]
3.  Nursing education loan repayment fund.
The nursing education loan repayment fund, referred to in this section as "the fund," is created as a nonlapsing, interest-earning, revolving fund to carry out the purposes of this subchapter.
A. The authority may receive, invest and expend on behalf of the fund money from gifts, grants, bequests, loans and donations in addition to money appropriated or allocated by the State. Money received by the authority on behalf of the fund must be used for the purposes of this subchapter. The fund must be maintained and administered by the authority. Any unexpended balance in the fund carries forward for continued use under this subchapter.   [PL 2005, c. 417, §1 (NEW).]
B. Costs and expenses of maintaining, servicing and administering the fund and of administering the nursing education loan repayment program may be paid out of amounts in the fund.   [PL 2005, c. 417, §1 (NEW).]
[PL 2005, c. 417, §1 (NEW).]
4.  Administration.
The nursing education loan repayment program and the nursing education loan repayment fund are administered by the authority. The authority shall repay the loan of an applicant who meets the criteria in subsection 2 in the amount of up to $20,000 for a master's degree and up to $40,000 for a doctoral degree for full-time nursing faculty and in the amount of up to $10,000 for a master's degree and up to $20,000 for a doctoral degree for part-time nursing faculty. The authority may adopt rules to carry out the purposes of this subchapter. Rules adopted pursuant to this subsection are routine technical rules pursuant to Title 5, chapter 375, subchapter 2‑A.
[PL 2023, c. 412, Pt. CC, §2 (AMD).]
SECTION HISTORY
PL 2005, c. 417, §1 (NEW). PL 2021, c. 483, Pt. FF, §§1, 2 (AMD). PL 2021, c. 635, Pt. CC, §§1, 2 (AMD). PL 2023, c. 412, Pt. CC, §§1, 2 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-F: WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM › 10 §1020. Waste Motor Oil Revenue Fund (REPEALED)

§1020. Waste Motor Oil Revenue Fund
(REPEALED)
SECTION HISTORY
PL 2007, c. 464, §6 (NEW). PL 2007, c. 618, §§2-13 (AMD). PL 2007, c. 618, §14 (AFF). PL 2009, c. 213, Pt. KKK, §§1, 2 (AMD). PL 2009, c. 434, §1 (AMD). PL 2009, c. 434, §84 (AFF). PL 2011, c. 211, §§2-6 (AMD). PL 2011, c. 211, §27 (AFF). PL 2021, c. 1, Pt. M, §§1, 2 (AMD). MRSA T. 10 §1020-D (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-F: WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM › 10 §1020-A. Waste motor oil disposal site remediation program (REPEALED)

§1020-A. Waste motor oil disposal site remediation program
(REPEALED)
SECTION HISTORY
PL 2007, c. 464, §6 (NEW). PL 2009, c. 304, §§1-5 (AMD). PL 2011, c. 211, §§7-12 (AMD). PL 2011, c. 211, §27 (AFF). PL 2011, c. 559, Pt. A, §9 (AMD). MRSA T. 10 §1020-D (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-F: WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM › 10 §1020-B. Status reports (REPEALED)

§1020-B. Status reports
(REPEALED)
SECTION HISTORY
PL 2009, c. 213, Pt. KKK, §3 (NEW). PL 2011, c. 211, §13 (AMD). PL 2021, c. 1, Pt. M, §3 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-F: WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM › 10 §1020-C. Motor vehicle oil premium reimbursement (REPEALED)

§1020-C. Motor vehicle oil premium reimbursement
(REPEALED)
SECTION HISTORY
PL 2011, c. 211, §14 (NEW). PL 2011, c. 548, §§1, 2 (AMD). PL 2011, c. 548, §36 (AFF). PL 2021, c. 1, Pt. M, §4 (AMD). MRSA T. 10 §1020-D (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 1-F: WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM › 10 §1020-D. Repeal (REPEALED)

§1020-D. Repeal
(REPEALED)
SECTION HISTORY
PL 2021, c. 1, Pt. M, §5 (NEW). MRSA T. 10 §1020-D (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1021. Credit of State pledged

§1021. Credit of State pledged
The authority may insure the payment of mortgage loans, secured by eligible projects, and may insure or guaranty insured certificates, and to this end the faith and credit of the State is pledged, consistent with the terms and limitations of the Constitution of Maine, Article IX, Sections 14-A and 14-D and such further limitations as may be provided by this subchapter.   [PL 1993, c. 460, §4 (AMD).]
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §8 (AMD). PL 1985, c. 344, §41 (AMD). PL 1993, c. 460, §4 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1022. Powers of the authority under this program (REPEALED)

§1022. Powers of the authority under this program
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1985, c. 344, §42 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023. Creation of Mortgage Insurance Fund (REPEALED)

§1023. Creation of Mortgage Insurance Fund
(REPEALED)
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1981, c. 698, §§54,55 (AMD). PL 1983, c. 519, §9 (AMD). PL 1985, c. 344, §43 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-A. Proceeds received by authority (REPEALED)

§1023-A. Proceeds received by authority
(REPEALED)
SECTION HISTORY
PL 1981, c. 698, §56 (NEW). PL 1985, c. 344, §44 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-B. Mortgage Insurance Fund

§1023-B. Mortgage Insurance Fund
1.  Creation.
There is created and established under the jurisdiction and control of the authority the Mortgage Insurance Fund.
[PL 1985, c. 344, §45 (NEW).]
2.  Deposited with Treasurer of State or invested.
Money in the fund, not needed currently to meet the obligations of the authority as provided for in this subchapter, shall be deposited with the Treasurer of State to the credit of the fund or may be invested in such manner as is provided for by law.
[PL 1985, c. 344, §45 (NEW).]
3.  Items charged or credited.
The authority may charge or credit to the fund:
A. All expenses of the authority, including payments required pursuant to mortgage insurance agreements and operating expenses; and   [PL 1985, c. 344, §45 (NEW).]
B. All income of the authority, including mortgage insurance premiums, fees, reimbursements and proceeds of sale, lease or other disposition of its property, except that proceeds received by the authority from the sale, lease or other disposition of property it may have acquired in accordance with section 1025, subsection 1, shall be credited either to the Mortgage Insurance Fund or the Loan Insurance Reserve Fund as directed by the authority.   [PL 1985, c. 714, §11 (AMD).]
[PL 1985, c. 714, §11 (AMD).]
4.  Accounts.
The authority may divide the fund into such separate accounts as it determines are necessary or convenient for carrying out the purposes of this chapter.
[PL 1985, c. 344, §45 (NEW).]
5.  Bond proceeds.
Proceeds of bonds issued for purposes authorized by the Constitution of Maine, Article IX, Section 14-A, may not be commingled, for accounting purposes, with proceeds of bonds issued for purposes of the Constitution of Maine, Article IX, Section 14-D.
[PL 1985, c. 344, §45 (NEW).]
6.  Revolving fund.
The fund shall be a nonlapsing revolving fund. All money in the fund shall be continuously applied by the authority to carry out this chapter.
[PL 1985, c. 344, §45 (NEW).]
7.  Successor.
Funds held by the authority under prior law in the Mortgage Insurance Fund, the Maine Small Business Loan Insurance Fund and the Veterans' Small Business Loan Insurance Fund shall be held in the Mortgage Insurance Fund created by this section.
[PL 1985, c. 344, §45 (NEW).]
SECTION HISTORY
PL 1985, c. 344, §45 (NEW). PL 1985, c. 714, §11 (AMD).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-C. Loan Insurance Reserve Fund

§1023-C. Loan Insurance Reserve Fund
1.  Creation.
There is created and established under the jurisdiction and control of the authority the Loan Insurance Reserve Fund.
[PL 1985, c. 714, §12 (NEW).]
2.  Sources of fund.
There shall be paid into the Loan Insurance Reserve Fund:
A. All money appropriated for inclusion in the fund;   [PL 1985, c. 714, §12 (NEW).]
B. Subject to any pledge, contract or other obligation, any money which the authority receives in repayment of advances from the fund;   [PL 1985, c. 714, §12 (NEW).]
C. Subject to any pledge, contract or other obligation, all interest, dividends or other pecuniary gains from investment of money of the fund;   [PL 1985, c. 714, §12 (NEW).]
D. After the sum of $300,000 is transferred into the General Fund by the State Controller, the balance available in the Guarantee Reserve Fund shall be transferred to the fund by the State Controller in accordance with the following:
(1) The transfer described in this paragraph shall take place 91 days after the adjournment of the Second Regular Session of the 112th Legislature; and
(2) The sum to be transferred from the Guarantee Reserve Fund to the Loan Insurance Reserve Fund shall be reduced by the amount of any transfers of money to the authority pursuant to section 1024 on or before the transfer provided for by this paragraph.   [PL 1985, c. 714, §12 (NEW).]
E. Any other money available to the authority and directed by the authority to be paid into the fund.   [PL 1985, c. 714, §12 (NEW).]
[PL 1985, c. 714, §12 (NEW).]
3.  Application of fund.
Money in the Loan Insurance Reserve Fund may be applied to carry out any power of the authority, including, without limitation, to pledge or transfer and deposit money in the fund as security for and to apply money in the fund in payment of principal of, interest on or redemption premiums on revenue obligation securities of the authority. Money in the fund not needed currently to meet the obligations of the authority as provided for in this chapter may be invested in such manner as may be permitted by law.
[PL 1985, c. 714, §12 (NEW).]
4.  Accounts within fund.
The authority may divide the Loan Insurance Reserve Fund into such separate accounts as it determines are necessary or convenient for carrying out the purposes of this chapter.
[PL 1985, c. 714, §12 (NEW).]
5.  Revolving fund.
The Loan Insurance Reserve Fund shall be a nonlapsing, revolving fund. All money in the fund shall be continuously applied by the authority to carry out this chapter.
[PL 1985, c. 714, §12 (NEW).]
SECTION HISTORY
PL 1985, c. 714, §12 (NEW).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-E. Overboard Discharge Replacement Fund (REPEALED)

§1023-E. Overboard Discharge Replacement Fund
(REPEALED)
SECTION HISTORY
PL 1987, c. 846, §5 (NEW). PL 2003, c. 537, §22 (RP). PL 2003, c. 537, §53 (AFF).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-F. Innovation Finance Fund (REPEALED)

§1023-F. Innovation Finance Fund
(REPEALED)
SECTION HISTORY
PL 1989, c. 552, §12 (NEW). PL 1989, c. 585, §C9 (NEW). PL 1989, c. 878, §A25 (RPR). PL 2003, c. 537, §23 (RP). PL 2003, c. 537, §53 (AFF).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-K. Clean Fuel Vehicle Fund (REPEALED)

§1023-K. Clean Fuel Vehicle Fund
(REPEALED)
SECTION HISTORY
PL 1997, c. 500, §5 (NEW). PL 1999, c. 684, §§2-4 (AMD). PL 2001, c. 367, §3 (AMD). PL 2001, c. 714, §§JJ2-4 (AMD). PL 2003, c. 537, §§25,26 (AMD). PL 2003, c. 537, §53 (AFF). PL 2009, c. 124, §2 (AMD). PL 2011, c. 655, Pt. MM, §§6, 7 (AMD). PL 2011, c. 655, Pt. MM, §26 (AFF). PL 2013, c. 368, Pt. SSSS, §1 (RP).
2023 Maine Revised Statutes › TITLE 10: COMMERCE AND TRADE › Part 2: BUILDING AND DEVELOPMENT › Chapter 110: FINANCE AUTHORITY OF MAINE › Subchapter 2: MORTGAGE INSURANCE PROGRAMS › 10 §1023-L. Waste Oil Clean-up Fund (REPEALED)

§1023-L. Waste Oil Clean-up Fund
(REPEALED)
SECTION HISTORY
RR 1999, c. 1, §§12,13 (COR). PL 1999, c. 505, §A7 (NEW). PL 1999, c. 531, §H1 (AMD). PL 1999, c. 531, §H2 (AFF). PL 1999, c. 604, §§1,2 (AMD). PL 1999, c. 713, §2 (AMD). PL 2001, c. 356, §6 (AMD). PL 2003, c. 451, §§X11,12 (AMD). PL 2003, c. 537, §27 (AMD). PL 2003, c. 537, §53 (AFF). PL 2007, c. 464, §§7, 8 (AMD). PL 2011, c. 211, §15 (RP). PL 2011, c. 211, §27 (AFF).