Maine Statutes
§ 30-A §5116 — Investment of funds; redemption of bonds
The authority may:
1.Invest funds.
Invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement in property or securities in which saving banks may legally invest funds subject to their control; and
2.Redeem or purchase bonds.
Redeem its bonds at the redemption price established in the bonds or may purchase its bonds at less than redemption price, all bonds so redeemed or purchased to be cancelled.
Free access — add to your briefcase to read the full text and ask questions with AI
Maine § 30-A §5116 (Investment of funds; redemption of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Nearby Sections
15
§ 30 §1001
County law enforcement administration§ 30 §1002
Aid required by officer; refusal§ 30 §1003
Officer to pay money collected§ 30 §1004
Arrest in other counties§ 30 §101
Board membership; chairman§ 30 §101-A
Municipal school budget§ 30 §102
Vacancies; expiration of term§ 30 §103
Other times§ 30 §105
Mode of election