Maine § 10 §1043 Certificates of approval

Maine Statutes

§ 10 §1043 — Certificates of approval

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

1.Issue. The authority is authorized and empowered to approve or disapprove projects following submission to it of applications for approval thereof, in such form and with such supporting data as it may require and, upon approval of a project, to issue a certificate of approval. The authority shall publish once in the state newspaper and in a newspaper of general circulation in the area of the State in which the project is to be located, notice of the date on which the authority will consider issuance of a certificate of approval for the project. The notice shall be published at least 7 days prior to the date scheduled for such consideration, shall set forth the name of the applicant, describe generally the project and set forth the time and place at which the application will be consider

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1.
Issue.
The authority is authorized and empowered to approve or disapprove projects following submission to it of applications for approval thereof, in such form and with such supporting data as it may require and, upon approval of a project, to issue a certificate of approval. The authority shall publish once in the state newspaper and in a newspaper of general circulation in the area of the State in which the project is to be located, notice of the date on which the authority will consider issuance of a certificate of approval for the project. The notice shall be published at least 7 days prior to the date scheduled for such consideration, shall set forth the name of the applicant, describe generally the project and set forth the time and place at which the application will be considered. In addition to the notice required to be published by the authority, the applicant shall make all reasonable efforts to give timely notice to any and all known competitors of the time and place at which the application will be considered. Where individual written notice is not practical, as determined by the authority, the authority may specify other or additional forms of notice, including display newspaper advertisements and written notice to any trade, industry, professional or interest group. The certificate of approval shall identify and describe each project as to location, purpose and the amount of revenue obligation securities to be issued. If a single issue of revenue obligation securities is to provide for the costs of more than one project, the certificate of approval shall identify the aggregate amount of revenue obligation securities to be issued.
2.
Criteria.
Before issuing a certificate of approval for any project, the authority shall determine that:
3.
Effect of certificate.
A certificate of approval issued under this subchapter shall be conclusive proof that the authority has made the determinations required by this section.
4.
Exception.
This section and section 1044, subsection 2, shall not apply in the case of issue by the authority of revenue obligation securities for the purpose of acquiring one or more issues of outstanding revenue obligation securities issued by municipalities or one or more issues of any other bond not eligible for purchase pursuant to Title 30‑A, chapter 225.
5.
Assistance.
In considering any request for financial assistance from an applicant for a project regulated by the Public Utilities Commission with respect to rates or terms of service or that requires for construction or operation authorization or certification from the commission, the commission, upon request of the authority, shall provide assistance in analyzing financial, economic or technical issues on which the commission has expertise. At the request of the commission, the authority shall assess the applicant a fee to be paid to the commission to reimburse the commission for any costs incurred by the commission that cannot be absorbed within its existing resources.

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Legislative History

PL 1981, c. 476, §2 (NEW). PL 1981, c. 698, §§60-64 (AMD). PL 1985, c. 344, §63 (AMD). PL 1985, c. 714, §29 (AMD). PL 1987, c. 697, §10 (AMD). PL 1987, c. 737, §§C15,C106 (AMD). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,C10 (AMD). PL 1989, c. 585, §C12 (AMD). PL 1995, c. 4, §§5-7 (AMD). PL 1999, c. 484, §§5-7 (AMD). PL 2003, c. 506, §§2-4 (AMD). PL 2003, c. 689, §B6 (REV). PL 2009, c. 372, Pt. D, §§5-7 (AMD). PL 2009, c. 517, §§7-9 (AMD). PL 2011, c. 261, §§2-5 (AMD). PL 2011, c. 586, §3 (AMD). PL 2011, c. 655, Pt. MM, §8 (AMD). PL 2011, c. 655, Pt. MM, §26 (AFF). PL 2015, c. 504, §3 (AMD). PL 2017, c. 95, §1 (AMD). PL 2019, c. 160, §6 (AMD).