Maine § 30-A §4804 Bonds; use of proceeds

Maine Statutes

§ 30-A §4804 — Bonds; use of proceeds

Maine § 30-A §4804

Title 30-AMUNICIPALITIES AND COUNTIES

Part 2MUNICIPALITIES

Ch. 201HOUSING AUTHORITY

This text of Maine § 30-A §4804 (Bonds; use of proceeds) 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. 30-A, § 30-A §4804 (2026).

Text

Institutional loans made and rules established under this subchapter shall be designed to:

1.Expand mortgage funds. Expand the supply of funds available in the State for residential mortgage loans;

2.Improve housing for low-income persons. Provide funds to alleviate the shortage of decent, safe and sanitary living accommodations in the State for persons of low income; and

3.Improve energy conservation. In the case of rehabilitated housing units or housing projects, improve and promote conservation of energy resources or otherwise improve the quality of existing housing.

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Institutional loans made and rules established under this subchapter shall be designed to:
1.
Expand mortgage funds.
Expand the supply of funds available in the State for residential mortgage loans;
2.
Improve housing for low-income persons.
Provide funds to alleviate the shortage of decent, safe and sanitary living accommodations in the State for persons of low income; and
3.
Improve energy conservation.
In the case of rehabilitated housing units or housing projects, improve and promote conservation of energy resources or otherwise improve the quality of existing housing.