Maine § 5 §13204 Use of operating revenues

Maine Statutes

§ 5 §13204 — Use of operating revenues

Maine § 5 §13204

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 18-AECONOMIC AND COMMUNITY DEVELOPMENT

Ch. 393MAINE SPACE CORPORATION

This text of Maine § 5 §13204 (Use of operating revenues) 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 §13204 (2026).

Text

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.

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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.