Maine Statutes
§ 35-A §911 — Approval of capital leases
Maine § 35-A §911
JurisdictionMaine
Title 35-APUBLIC UTILITIES
Part 1PUBLIC UTILITIES COMMISSION
Ch. 9APPROVAL OF STOCKS, BONDS AND NOTES BY PUBLIC UTILITIES COMMISSION
This text of Maine § 35-A §911 (Approval of capital leases) 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. 35-A, § 35-A §911 (2026).
Text
No capital lease, entered into by a public utility for a term of more than 3 years, of property having a fair value the greater of $50,000 or 1% of the public utility's total long-term debt is valid without the written approval of the commission. The commission's procedure and standards governing approval shall be similar to those which apply to applications under sections 901 and 902.
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Legislative History
PL 1987, c. 141, §A6 (NEW).
Nearby Sections
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Line fences built on notice of abutter§ 35 §101
Special privileges forbidden§ 35 §102
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Rebates§ 35 §104
Affiliated interests§ 35 §104-A
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Utility depositsCite This Page — Counsel Stack
Bluebook (online)
Maine § 35-A §911, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/35-A%20%C2%A7911.