Maine Statutes
§ 38 §1164 — Investments
Maine § 38 §1164
This text of Maine § 38 §1164 (Investments) 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. 38, § 38 §1164 (2026).
Text
A sanitary district may invest its funds, including sinking funds, reserve funds and trust funds in accordance with this section. This section is in addition to, and not in limitation of, any power of a sanitary district to invest its funds.
1.Deposit or investment of funds.
A sanitary district may invest all district funds, including reserve funds and trust funds, if the terms of the instrument, order or article creating the fund do not prohibit the investment, as follows:
2.Government unit bonds.
A sanitary district may invest in:
3.Corporate securities.
A sanitary district may invest in:
4.Retention of unauthorized securities.
Sanitary districts may acquire and hold securities not authorized by law but that have been acquired in settlements, reorganizations, recapitalizations, merge
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
PL 1993, c. 651, §7 (NEW). PL 2017, c. 151, §6 (AMD).
Nearby Sections
15
§ 38 §11
Definitions§ 38 §1101
Formation§ 38 §1101-A
Fees§ 38 §1102
Approval and organization§ 38 §1103
Transfer of property and assets§ 38 §1104
Trustees§ 38 §1105
Election of trustees§ 38 §1106
Operational date of sanitary districts§ 38 §1151
Powers§ 38 §1151-A
Enforcement power§ 38 §1152
Right of eminent domain§ 38 §1152-A
Procedure in exercise of right of eminent domain§ 38 §1153
Condemnation proceedings§ 38 §1154
Appeal§ 38 §1155
Crossing other public utilitiesCite This Page — Counsel Stack
Bluebook (online)
Maine § 38 §1164, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/38%20%C2%A71164.