Maine § 20-A §1702 Borrowing

Maine Statutes

§ 20-A §1702 — Borrowing

Maine § 20-A §1702

Title 20-AEDUCATION

Part 2SCHOOL ORGANIZATION

Ch. 105COMMUNITY SCHOOL DISTRICT

This text of Maine § 20-A §1702 (Borrowing) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 20-A, § 20-A §1702 (2026).

Text

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.

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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.

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).