Maine Statutes
§ 10 §385 — Duties of board
The board has the following powers and duties.
1.Receipt of money and property.
The board may accept and receive gifts, grants, investments, bequests or devises from any source, including funds from the Federal Government or any subdivision of the Federal Government.
2.Administer program.
The board must administer the Small Enterprise Growth Program and may contract with the Finance Authority of Maine, financial institutions, educational institutions, business enterprises, nonprofit institutions and organizations or individuals for such assistance in administering the program as the board may require.
3.Ownership interests.
The board may hold an ownership interest in a private enterprise when it is determined by the board that such an interest is necessary or desirable in order for the
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Legislative History
PL 1995, c. 699, §3 (NEW). PL 1999, c. 504, §4 (AMD).
Nearby Sections
15
§ 10 §3002
Prosecutions§ 10 §3003
Jurisdiction§ 10 §3004
Penalties§ 10 §301
Compact entered into by State§ 10 §302
Findings -- Article I§ 10 §303
Purpose -- Article II§ 10 §305
Membership -- Article IV§ 10 §306
Functions -- Article V§ 10 §308
Meetings and voting -- Article VII§ 10 §309
Finances -- Article VIII