Maine Statutes
§ 10 §1023-C — Loan Insurance Reserve Fund
Maine·Title 10 COMMERCE AND TRADE·Part 2 BUILDING AND DEVELOPMENT·Ch. 110 FINANCE AUTHORITY OF MAINE
1.Creation.
There is created and established under the jurisdiction and control of the authority the Loan Insurance Reserve Fund.
2.Sources of fund.
There shall be paid into the Loan Insurance Reserve Fund:
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.
4.Accounts within fund.
The authority may divide the L
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Legislative History
PL 1985, c. 714, §12 (NEW).
Nearby Sections
15
§ 10 §1023
Creation of Mortgage Insurance Fund§ 10 §1023-A
Proceeds received by authority§ 10 §1023-B
Mortgage Insurance Fund§ 10 §1023-C
Loan Insurance Reserve Fund§ 10 §1023-D
Underground Oil Storage Replacement Fund§ 10 §1023-E
Overboard Discharge Replacement Fund§ 10 §1023-F
Innovation Finance Fund§ 10 §1023-G
Waste Reduction and Recycling Loan Fund§ 10 §1023-I
Economic Recovery Program Fund§ 10 §1023-J
Agricultural Marketing Loan Fund§ 10 §1023-K
Clean Fuel Vehicle Fund§ 10 §1023-L
Waste Oil Clean-up Fund§ 10 §1023-M
Plymouth Waste Oil Loan Program§ 10 §1023-N
Potato Marketing Improvement Fund§ 10 §1023-O
Visual and Digital Media Loan Fund