Maine § 10 §921 Limitation of powers

Maine Statutes

§ 10 §921 — Limitation of powers

Maine § 10 §921

Title 10COMMERCE AND TRADE

Part 2BUILDING AND DEVELOPMENT

Ch. 107MAINE DEVELOPMENT FOUNDATION; MAINE ECONOMIC GROWTH COUNCIL

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Bluebook

Me. Rev. Stat. tit. 10, § 10 §921 (2026).

Text

The foundation, notwithstanding the foregoing, shall have no power or authority to enter into contracts, obligations or commitments of any kind on behalf of the State or any of its agencies, nor shall it have the power of eminent domain or any other power not provided to business corporations generally. Bonds, notes and other evidences of indebtedness of the foundation shall not in any way be a debt or liability of the State or constitute a pledge of the faith and credit of the State.

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The foundation, notwithstanding the foregoing, shall have no power or authority to enter into contracts, obligations or commitments of any kind on behalf of the State or any of its agencies, nor shall it have the power of eminent domain or any other power not provided to business corporations generally. Bonds, notes and other evidences of indebtedness of the foundation shall not in any way be a debt or liability of the State or constitute a pledge of the faith and credit of the State.