Maine Statutes
§ 5 §13083-R — Termination of the authority
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.
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Legislative History
PL 2005, c. 599, §1 (NEW).
Nearby Sections
15
§ 5 §13083
Assistance to development corporations§ 5 §13083-B
Definitions§ 5 §13083-D
Property of authority§ 5 §13083-D-1
Bonds§ 5 §13083-E
Termination of authority§ 5 §13083-F
Annual report§ 5 §13083-H
Definitions§ 5 §13083-J
Use of operating revenues§ 5 §13083-K
Property of authority§ 5 §13083-L
Special utility districts§ 5 §13083-M
Other municipal powers