Maine § 5 §13204 Use of operating revenues

Maine Statutes

§ 5 §13204 — Use of operating revenues

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 18-A ECONOMIC AND COMMUNITY DEVELOPMENT·Ch. 393 MAINE SPACE CORPORATION

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

2.Permitted liability limited. All expenses incurred in carrying out the provisions of this chapter must be paid solely from funds provided by the corporation, and liability or obligation may not be incurred under this chapter beyond the extent to which funds have been provided by the corporation.

3.Equal opportunity employers. Contractors and subcontractors on corporation construction and reconstruction projects must be equal opportunity employers and, for contracts of more than $250,000, shall pursue in good faith affirmative action programs as defined in section 782.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Principal use of revenues.
Operating revenues must be used principally to reinvest in the properties held by the corporation.
2.
Permitted liability limited.
All expenses incurred in carrying out the provisions of this chapter must be paid solely from funds provided by the corporation, and liability or obligation may not be incurred under this chapter beyond the extent to which funds have been provided by the corporation.
3.
Equal opportunity employers.
Contractors and subcontractors on corporation construction and reconstruction projects must be equal opportunity employers and, for contracts of more than $250,000, shall pursue in good faith affirmative action programs as defined in section 782.

Maine § 5 §13204 (Use of operating revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.