Maine § 10 §1063 Certificates of approval

Maine Statutes

§ 10 §1063 — Certificates of approval

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

1.Issue. The authority may approve or disapprove projects and issue certificates of approval upon application by municipalities proposing to issue revenue obligation securities under this subchapter. The authority shall publish, once in the state newspaper and in a newspaper of general circulation in the municipality in which the project is to be located, notice of the date on which the authority will consider the application. The notice shall be published at least 7 days prior to the date scheduled for such consideration, shall set forth the name of the municipality and the proposed user of the project, 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 appli

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1.
Issue.
The authority may approve or disapprove projects and issue certificates of approval upon application by municipalities proposing to issue revenue obligation securities under this subchapter. The authority shall publish, once in the state newspaper and in a newspaper of general circulation in the municipality in which the project is to be located, notice of the date on which the authority will consider the application. The notice shall be published at least 7 days prior to the date scheduled for such consideration, shall set forth the name of the municipality and the proposed user of the project, 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 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.

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Legislative History

PL 1981, c. 476, §2 (NEW). PL 1981, c. 698, §67 (AMD). PL 1985, c. 344, §§81-84 (AMD). PL 1985, c. 714, §§34,35 (AMD). PL 1987, c. 141, §B8 (AMD). PL 1989, c. 501, §DD20 (AMD). PL 1989, c. 546, §1 (AMD). PL 1989, c. 585, §§C13,C14 (AMD). PL 1989, c. 878, §A28 (AMD). PL 1995, c. 656, §A4 (AMD). PL 2003, c. 537, §52 (AMD). PL 2003, c. 537, §53 (AFF). PL 2003, c. 689, §B6 (REV). PL 2011, c. 655, Pt. EE, §15 (AMD). PL 2011, c. 655, Pt. EE, §30 (AFF). PL 2011, c. 655, Pt. GG, §6 (AMD). PL 2011, c. 655, Pt. GG, §70 (AFF). PL 2021, c. 293, Pt. A, §52 (REV). PL 2021, c. 676, Pt. D, §§1-3 (AMD).