Maine § 30-A §5955 Additional powers

Maine Statutes

§ 30-A §5955 — Additional powers

Maine § 30-A §5955

Title 30-AMUNICIPALITIES AND COUNTIES

Part 2MUNICIPALITIES

Ch. 225MAINE MUNICIPAL BOND BANK

This text of Maine § 30-A §5955 (Additional powers) 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 §5955 (2026).

Text

In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter, may:

1.Loans. Consider, in connection with any loan to a governmental unit:

2.Charges. Impose and collect charges, whether or not the loan is made or evidence of borrowing or program participation is shown, or the municipal securities are purchased, for its costs and services, in review, consideration or servicing of:

3.Purchase. Fix and establish any and all terms and provisions with respect to any purchase of municipal securities by the bank, including:

4.Hearings. Conduct examinations and hearings and hear testimony and take proof, under oath or affirmation, at public or private hearings on any matter material for its information and necessa

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In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter, may:
1.
Loans.
Consider, in connection with any loan to a governmental unit:
2.
Charges.
Impose and collect charges, whether or not the loan is made or evidence of borrowing or program participation is shown, or the municipal securities are purchased, for its costs and services, in review, consideration or servicing of:
3.
Purchase.
Fix and establish any and all terms and provisions with respect to any purchase of municipal securities by the bank, including:
4.
Hearings.
Conduct examinations and hearings and hear testimony and take proof, under oath or affirmation, at public or private hearings on any matter material for its information and necessary to carry out this chapter;
5.
Subpoenas.
Issue subpoenas requiring the attendance of witnesses and the production of books and papers relating to any hearing before the bank, or before one or more of the commissioners of the bank appointed by it to conduct that hearing;
6.
Contempt.
Apply to the Superior Court in Kennebec County, to have punished for contempt any witness who:
7.
Insurance.
Procure insurance against any losses in connection with its property, operations or assets in such amounts, from such amounts and from such insurers as it considers desirable; and
8.
Modification.
Consent to any modification with respect to rates of interests, time and payment of any installment of principal or interest, security or any other term of bond or note, contract or agreement of any kind to which the bank is a party, to the extent permitted under its contracts with the holders of bonds or notes of the bank.