Maine § 23 §1978 Termination of the authority

Maine Statutes

§ 23 §1978 — Termination of the authority

Maine § 23 §1978

Title 23TRANSPORTATION

Part 1STATE HIGHWAY LAW

Ch. 24MAINE TURNPIKE

This text of Maine § 23 §1978 (Termination of the authority) 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. 23, § 23 §1978 (2026).

Text

The authority shall not be dissolved until such time as:

1.Legislature provide for termination. The Legislature shall provide for its termination; and

2.Payment of bonds, premiums and interest. All bonds, the premium, if any, and the interest thereon shall have been paid or a sufficient amount for the payment of all bonds and the interest to maturity or prior redemption date thereon shall have been irrevocably set aside in trust for the benefit of the bondholders.

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The authority shall not be dissolved until such time as:
1.
Legislature provide for termination.
The Legislature shall provide for its termination; and
2.
Payment of bonds, premiums and interest.
All bonds, the premium, if any, and the interest thereon shall have been paid or a sufficient amount for the payment of all bonds and the interest to maturity or prior redemption date thereon shall have been irrevocably set aside in trust for the benefit of the bondholders.