Maine § 30-A §6006-B Safe drinking water revolving loan fund

Maine Statutes

§ 30-A §6006-B — Safe drinking water revolving loan fund

Maine·Title 30-A MUNICIPALITIES AND COUNTIES·Part 2 MUNICIPALITIES·Ch. 225 MAINE MUNICIPAL BOND BANK

1.Establishment; administration. A safe drinking water revolving loan fund is established as provided in this section.

2.Uses. The revolving loan fund may be used for one or more of the following purposes:

3.Establishment of accounts. The bank may establish accounts and subaccounts within the fund as it determines desirable to effectuate the purposes of this section, including, but not limited to, accounts to segregate a portion or portions of the fund as security for bonds issued by the bank for deposit in the fund and to be invested for the benefit of specified projects receiving financial assistance from the fund.

4.Priorities for financial assistance. At least annually, the Department of Health and Human Services shall prepare and certify to the bank a project priority list of thos

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1.
Establishment; administration.
A safe drinking water revolving loan fund is established as provided in this section.
2.
Uses.
The revolving loan fund may be used for one or more of the following purposes:
3.
Establishment of accounts.
The bank may establish accounts and subaccounts within the fund as it determines desirable to effectuate the purposes of this section, including, but not limited to, accounts to segregate a portion or portions of the fund as security for bonds issued by the bank for deposit in the fund and to be invested for the benefit of specified projects receiving financial assistance from the fund.
4.
Priorities for financial assistance.
At least annually, the Department of Health and Human Services shall prepare and certify to the bank a project priority list of those community and nonprofit noncommunity public water system projects eligible for financing or assistance under this section. The factors to be considered in developing the priority list must include, but are not limited to:
5.
Eligibility for financial assistance.
Financial assistance for a project may not be granted under this section until the Department of Health and Human Services has certified to the bank that the project is eligible for immediate financing under this section and is on the priority list under subsection 4.

Maine § 30-A §6006-B (Safe drinking water revolving loan fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1991, c. 605, §14 (NEW). PL 1995, c. 665, §§II1,2 (AMD). PL 1995, c. 665, §II3 (AFF). PL 1997, c. 705, §§15-18 (AMD). PL 2003, c. 689, §B6 (REV). PL 2023, c. 608, §4 (AMD).