Maine Statutes
§ 5 §13120-A — Authority established; purpose
Maine § 5 §13120-A
JurisdictionMaine
Title 5ADMINISTRATIVE PROCEDURES AND SERVICES
Part 18-AECONOMIC AND COMMUNITY DEVELOPMENT
This text of Maine § 5 §13120-A (Authority established; purpose) 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 §13120-A (2026).
Text
The Maine Rural Development Authority, as established by section 12004‑F, subsection 18 and referred to in this subchapter as the "authority," is a body both corporate and politic and a public instrumentality of the State established for the purpose of providing loans to communities for the development of commercial facilities on a speculative basis and for serving as lender or investor in the acquisition, development, redevelopment and sale of commercial facilities in areas where economic needs are not supported by private investment. The authority may also provide loans to businesses that currently do not own real estate and that are not supported by private investment.
The purposes of this subchapter are public and the authority is performing a governmental function in carrying out this
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Legislative History
PL 2001, c. 703, §6 (NEW). PL 2003, c. 281, §1 (AMD). PL 2011, c. 563, §10 (AMD).
Nearby Sections
15
§ 5 §13120-A
Authority established; purpose§ 5 §13120-B
Definitions§ 5 §13120-C
Organization and responsibilities§ 5 §13120-D
Board of trustees; appointment; chair; employees§ 5 §13120-E
Agreements; contracts§ 5 §13120-F
Receive, use and invest funds§ 5 §13120-G
Acquisition, use and disposition of property§ 5 §13120-H
Taxation and fees§ 5 §13120-I
Bonds§ 5 §13120-J
Interest of trustee or employee§ 5 §13120-K
Annual report; audit§ 5 §13120-L
Rules§ 5 §13120-M
Disclosure and confidentiality of records§ 5 §13120-N
Speculative industrial building program§ 5 §13120-O
Community Industrial Buildings FundCite This Page — Counsel Stack
Bluebook (online)
Maine § 5 §13120-A, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/5%20%C2%A713120-A.