51 chapters · 568 sections in this title.
23 M.R.S. § 1968 Issuance of bonds
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The authority may issue bonds as follows. [PL 1995, c. 138, §1 (RPR).] 1. Turnpike revenue bonds. In addition to bonds outstanding pursuant to any other provision of this chapter, the authority may provide by resolution from time to time for the issuance of turnpike revenue bonds…
23 M.R.S. § 1969 Application of proceeds of bonds or notes in anticipation thereof
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Bonds shall be applied as follows. [PL 1981, c. 595, §3 (NEW).] 1. Application. All moneys received from any bonds or bond anticipation notes issued pursuant to this chapter shall be applied solely: A. To the payment of the cost of the construction and reconstruction of the turnp…
23 M.R.S. § 1970 Bonds; how secured
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1. Trust indentures. In the discretion of the authority, bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the State, or by a loan or oth…
23 M.R.S. § 1971 Exemption from taxes
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The accomplishment by the authority of the authorized purpose stated in this chapter being for the benefit of the people of the State and for the improvement of their commerce and prosperity in which accomplishment the authority will be performing essential governmental functions…