Maine Statutes
§ 23 §1618 — Exception to prohibited acts and limitation of powers
Notwithstanding Title 30‑A, section 5958, the bank may make loans to the State or any agency or department of the State in connection with the financing of qualified transportation projects. Notwithstanding Title 30‑A, section 6003, the bank may issue its bonds from time to time in any principal amounts that it considers necessary to provide funds for any of the purposes authorized by this section, including the financing or refinancing of all or a portion of the costs of qualified transportation projects. Notwithstanding Title 30‑A, section 6019, the bank may enter into any agreements or contracts with any commercial banks, trust companies or banking or other financial institutions within or outside the State that are necessary, desirable or convenient in the opinion of the bank to provid
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Legislative History
PL 2007, c. 329, Pt. P, §1 (NEW).
Nearby Sections
15
§ 23 §160
Property management§ 23 §1601
Expenditure of proceeds; appropriation§ 23 §161
Incidental expense payments§ 23 §1611
Definitions§ 23 §1612
GARVEE bonding authorized§ 23 §1613
Bank resolution; pledge; bond terms§ 23 §1614
Power and duty of the bank§ 23 §1615
Pledge of federal highway funds§ 23 §1616
Contracts are subject to continuing federal appropriations of federal transportation funds§ 23 §1617
State agency powers§ 23 §1619
Receipt of federal appropriation money