Maine § 10 §1023-G Waste Reduction and Recycling Loan Fund

Maine Statutes

§ 10 §1023-G — Waste Reduction and Recycling Loan Fund

Maine·Title 10 COMMERCE AND TRADE·Part 2 BUILDING AND DEVELOPMENT·Ch. 110 FINANCE AUTHORITY OF MAINE

1.Creation. The Waste Reduction and Recycling Loan Fund, referred to in this section as the "fund," is created under the jurisdiction and control of the authority.

2.Sources of money. The fund shall consist of the following:

3.Application of fund. Money in the fund may be used for direct loans to finance all or part of any project when the authority determines that:

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.

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.

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1.
Creation.
The Waste Reduction and Recycling Loan Fund, referred to in this section as the "fund," is created under the jurisdiction and control of the authority.
2.
Sources of money.
The fund shall consist of the following:
3.
Application of fund.
Money in the fund may be used for direct loans to finance all or part of any project when the authority determines that:
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.
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.

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