Maine Statutes
§ 23 §1969 — Application of proceeds of bonds or notes in anticipation thereof
Bonds shall be applied as follows.
1.Application.
All moneys received from any bonds or bond anticipation notes issued pursuant to this chapter shall be applied solely:
2.Lien created.
There is created and granted a lien upon the moneys until so applied in favor of holders of those bonds or the trustee provided for under this chapter in respect of these bonds.
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Legislative History
PL 1981, c. 595, §3 (NEW). PL 1993, c. 410, §MM8 (AMD). PL 1995, c. 504, §C6 (AMD). PL 2011, c. 302, §14 (AMD). PL 2013, c. 586, Pt. F, §2 (AMD). PL 2015, c. 5, §7 (AMD).
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