Title 10

The authority shall elect one of its members as chair; one member as vice-chair, who serves as secretary; and one member as treasurer and shall employ a chief executive officer.

The authority may, subject to any limitation of this chapter: [PL 1985, c. 344, §17 (NEW).] 1. Borrow. Borrow money or otherwise obtain credit in its own name; 2. Lend. Lend money or otherwise extend credit to any person and exercise all powers of a lender or creditor; 2-A. Inter…

In carrying out the purposes of this chapter, the authority shall, to the greatest extent possible, require the utilization of private or other governmental sources of mortgage insurance or credit enhancement devices in order to assure the most effective and efficient use of stat…

Seven members of the authority constitute a quorum of the members. The affirmative vote of the greater of 5 members, present and voting, or a majority of those members present and voting is necessary for any action taken by the members. A vacancy in the membership of the authorit…

The chief executive officer shall be the chief administrative officer of the authority and shall be appointed by the Governor, subject to review by the joint standing committee of the Legislature having jurisdiction over housing and economic development and to confirmation by the…

Notwithstanding Title 5, section 18, subsection 1, paragraph B, each member of the authority and each employee, contractor, agent or other representative of the authority is deemed an "executive employee" solely for purposes of Title 5, section 18, and for no other purpose, excep…

1. Report. The authority shall submit to the Governor, the Speaker of the House of Representatives, the President of the Senate and the joint standing committees of the Legislature having jurisdiction over housing and economic development and education, not later than 120 days af…

1. Disclosure required. Notwithstanding subsections 2 and 3 and except as provided in paragraph F, the following shall be made available to any person upon request reasonably describing the records to which access is sought or, if no request is made, in any manner and at any time…

This chapter, being necessary for the welfare of the State and its inhabitants, shall be liberally construed. In the event of any conflict between this chapter and any other law, this chapter shall prevail, but the power and authority granted is deemed to be in addition to and no…

The authority shall be the successor to the Maine Guarantee Authority, the Maine Veterans Small Business Loan Authority and the Maine Small Business Loan Authority. All properties, rights in land, buildings and equipment and any funds, moneys, revenues and receipts or assets of e…

The Finance Authority of Maine shall administer and exercise the authority granted to it by this chapter. The carrying out of its powers and duties is deemed the performance of an essential governmental function.

The authority and its chief executive officer shall ensure that each applicant for assistance submit an employment plan which describes the business and its products or services and which provides information on new employment opportunities, including types of jobs, skills and tr…

Notwithstanding any other provision of law, for the purposes of this chapter, transactions and property of the authority shall be treated as follows. [PL 1985, c. 344, §26 (NEW).] 1. Revenue obligation securities; exemption from taxation. Revenue obligation securities of the auth…

The authority may, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish a process that is different from the federal formula for allocating that portion of the ceiling established by the United States Code, Title 26, Section 146, as amended, allocated to the a…

The authority shall, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish for each program governed by or operated pursuant to this chapter requirements and limitations for assuring that any eligible project or collateral maintains minimum contact with the Sta…

The Payroll Processor Recovery Fund, referred to in this section as "the fund," is created. The fund must be deposited with and maintained by the authority. The fund must be administered by the Superintendent of Consumer Credit Protection within the Department of Professional and…

The Legislature has consistently found that agriculture, forestry and fisheries are major industries in the State, contributing substantially to the state's overall economy, essential to the maintenance and strengthening of rural life and values and necessary to the preservation …

The purposes of this subchapter include: [PL 1983, c. 519, §7 (NEW).] 1. General. To relieve those conditions which now exist which represent difficulties in natural resource enterprise financing and development and to assist in planning, coordinating and implementing programs th…

1. Implementation of programs. The authority shall be responsible for the implementation of the Natural Resources Financing and Marketing Programs. 2. Powers and duties. The authority shall have all the powers and duties necessary to carry out the purposes and provisions of this …

In the implementation of this subchapter and in the specific selection of persons, programs and projects to receive its assistance, the following powers, duties and standards shall apply. [PL 1983, c. 519, §7 (NEW).] 1. Ownership. The authority shall not become an owner of land o…

In addition to the applicable provisions of section 986, financing assistance provided pursuant to this subchapter shall not be provided for except upon a finding that the following criteria have been satisfied. [PL 1985, c. 344, §32 (AMD).] 1. Residence. If the person is seeking…

The authority may provide financing assistance or participate in providing financing assistance to eligible persons under this section and section 997 in the following manner. [PL 1983, c. 519, §7 (NEW).] 1. General conditions. Financing assistance provided pursuant to this subch…

1. Creation. The Natural Resources Capital Investment Fund is created and established under the jurisdiction and control of the authority. 2. Sources of money. There shall be paid into the fund the following: A. All money appropriated for inclusion in the fund; [PL 1989, c. 552, …

1. Purpose. The purpose of this section is to establish a program to provide assistance in the financing and development of natural resource projects designed to increase the State's capacity to produce, harvest, store, process, distribute, market and improve the quality of its n…

In addition to other programs and financing assistance established under this subchapter which may be available to natural resource enterprises, the authority shall establish a supplemental financing and technical assistance program designed specifically to meet the needs of entr…

Every contract, combination in the form of trusts or otherwise, or conspiracy, in restraint of trade or commerce in this State is declared to be illegal. Whoever makes any such contract or engages in any such combination or conspiracy is guilty of a Class C crime.

Whoever shall monopolize or attempt to monopolize or combine or conspire with any other person or persons to monopolize any part of the trade or commerce of this State shall be guilty of a Class C crime.

No person engaged in commerce in this State may acquire, directly or indirectly, the whole or any part of the stock or other share capital, or the whole of any part of the assets of another person also engaged in commerce in this State, where in any line of commerce or any activi…

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Additional documentary material" means the additional documentary material filed with a Hart-Scott-Rodino form. [PL 2025, c. 661, §1 (NEW).] B. "E…

1. Right of action and damages. Any person, including the State or any political subdivision of the State, injured directly or indirectly in its business or property by any other person or corporation by reason of anything forbidden or declared to be unlawful by section 1101, 110…

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Abnormal market disruption" means a significant disruption to the production, distribution, supply, sale or availability of a commodity or commodi…

Whoever demands or collects an unreasonable or unjust rent or charge, taking into due consideration the actual market value of the property at the time, with a fair return thereon, or imposes an unreasonable or unjust term or condition, for the occupancy of a mobile home park lot…

The Attorney General upon the Attorney General's own initiative or upon petition of 50 or more citizens of this State, shall investigate all seeming violations of sections 1102‑A and 1105 to 1107, all contracts, combinations or conspiracies in restraint of trade or commerce, and …

A final judgment or decree hereafter rendered in any civil or criminal proceeding brought by or on behalf of the State under the antitrust laws to the effect that a defendant has violated these laws shall be prima facie evidence against the defendant in any action or proceeding b…

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Gasoline sales" means the retail sale of internal combustion fuel for motor vehicles as defined in Title 29‑A, section 101, subsection 42. [PL 199…

1. Contract and solicitation requirements. A contract for the retail sale of home heating oil, kerosene or liquefied petroleum gas that offers a guaranteed price plan, including a prepaid contract and any other similar term, must be in writing and the terms and conditions of the …

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1993, c. 461, §1 (NEW).] 1. Billing period. "Billing period" means the time period for payment agreed to by 2 parties or, in the absence of an agreement, the cale…

This chapter does not apply to contracts entered into by the Department of Transportation.

Payment to a contractor for work is subject to the following terms. [PL 1993, c. 461, §1 (NEW).] 1. Contractual agreements. The owner shall pay the contractor strictly in accordance with the terms of the construction contract. 2. Invoices. If the construction contract does not co…

Payment to a subcontractor for work is subject to the following conditions. [PL 1993, c. 461, §1 (NEW).] 1. Contractual agreements. The contractor or subcontractor shall pay a subcontractor or material supplier strictly in accordance with the terms of the subcontractor's or mater…

1. Invoice errors. If an invoice is filled out incorrectly or incompletely or if there is any defect or impropriety in an invoice submitted, the owner, contractor or subcontractor must contact the person submitting the invoice in writing within 10 working days of receiving the in…

1. Payment. If payments under a construction contract are subject to retainage, any amounts retained during the performance of the contract and due to be released to the contractor upon completion must be paid within 30 days after final acceptance of the work. 2. Retainage for su…

This chapter in no way may be construed to prohibit an owner, contractor or subcontractor from making advance payments, progress payments or from prepaying if agreements or other circumstances make those payments appropriate. All such payments must be made promptly and are subjec…

1. Withholding payment. Nothing in this chapter prevents an owner, contractor or subcontractor from withholding payment in whole or in part under a construction contract in an amount equalling the value of any good faith claims against an invoicing contractor, subcontractor or ma…

Notwithstanding any provision of this chapter, language at variance to the requirements of this chapter may be included in contracts when that variance is required by any law, regulation or grant agreement conditioning the receipt or expenditure of federal aid.

This chapter does not apply to contracts for the purchase of materials by a person performing work on that person's own real property.