Maine § 20-A §1702 Borrowing

Maine Statutes

§ 20-A §1702 — Borrowing

Maine·Title 20-A EDUCATION·Part 2 SCHOOL ORGANIZATION·Ch. 105 COMMUNITY SCHOOL DISTRICT

1.Purposes of borrowing. The district board of trustees may borrow funds to pay for:

2.Form of bond or note. Each bond or note shall have the following form.

3.Maturity and time limits. The following provisions apply to bonds or notes.

4.District obligations. All notes, bonds, contracts and leases and all agreements with the Maine School Building Authority entered into by a community school district shall be the legal obligations of the district.

5.Status. A community school district shall be a quasi-municipal corporation within the meaning of Title 30-A, section 5701. The provisions of Title 30-A, section 5701, shall be applicable to it.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Purposes of borrowing.
The district board of trustees may borrow funds to pay for:
2.
Form of bond or note.
Each bond or note shall have the following form.
3.
Maturity and time limits.
The following provisions apply to bonds or notes.
4.
District obligations.
All notes, bonds, contracts and leases and all agreements with the Maine School Building Authority entered into by a community school district shall be the legal obligations of the district.
5.
Status.
A community school district shall be a quasi-municipal corporation within the meaning of Title 30-A, section 5701. The provisions of Title 30-A, section 5701, shall be applicable to it.

Maine § 20-A §1702 (Borrowing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1981, c. 693, §§5,8 (NEW). PL 1983, c. 485, §18 (AMD). PL 1987, c. 737, §§C49,C106 (AMD). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,C10 (AMD). PL 1991, c. 121, §A3 (AMD).