Maine § 5 §13083-J Use of operating revenues

Maine Statutes

§ 5 §13083-J — Use of operating revenues

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 18-A ECONOMIC AND COMMUNITY DEVELOPMENT

1.Principal use of revenue. Operating revenue must be used principally to reinvest in the properties held by the authority.

2.Permitted liability limited. All expenses incurred in carrying out this article must be paid solely from funds provided under the authority of this article, and liability or obligation may not be incurred under this article beyond the extent to which money has been provided under the authority of this article.

3.Equal opportunity employers. Contractors and subcontractors on authority construction and reconstruction projects must be equal opportunity employers and, for contracts in excess of $250,000, shall pursue in good faith affirmative action programs as defined in section 782. The authority may by rule provide for the enforcement of this requirement.

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1.
Principal use of revenue.
Operating revenue must be used principally to reinvest in the properties held by the authority.
2.
Permitted liability limited.
All expenses incurred in carrying out this article must be paid solely from funds provided under the authority of this article, and liability or obligation may not be incurred under this article beyond the extent to which money has been provided under the authority of this article.
3.
Equal opportunity employers.
Contractors and subcontractors on authority construction and reconstruction projects must be equal opportunity employers and, for contracts in excess of $250,000, shall pursue in good faith affirmative action programs as defined in section 782. The authority may by rule provide for the enforcement of this requirement.

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