Maine § 5 §13080-K Termination of the authority

Maine Statutes

§ 5 §13080-K — Termination of the authority

Maine § 5 §13080-K

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 18-AECONOMIC AND COMMUNITY DEVELOPMENT

This text of Maine § 5 §13080-K (Termination of the authority) 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. 5, § 5 §13080-K (2026).

Text

The authority is not dissolved until:

1.Legislature provides for termination. It is terminated by the Legislature; and

2.Payment of bonds, premiums and interest. The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders in accordance with agreements with the bondholders.

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The authority is not dissolved until:
1.
Legislature provides for termination.
It is terminated by the Legislature; and
2.
Payment of bonds, premiums and interest.
The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders in accordance with agreements with the bondholders.