| | | 10, section 363, subsection 7 for calendar year 1999. Ten | | million dollars of the state ceiling for calendar year 2000 is | | allocated to the Maine Municipal Bond Bank to be used or | | reallocated in accordance with Title 10, section 363, subsection | | 7. |
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| | | Sec. 4. Allocation to the Maine Educational Loan Authority. The $20,000,000 of | | the state ceiling for calendar year 1999 previously allocated to | | the Maine Educational Loan Authority is allocated to the Maine | | Educational Loan Authority to be used or reallocated in | | accordance with the Maine Revised Statutes, Title 10, section | | 363, subsection 8 for calendar year 1999. Twenty million dollars | | of the state ceiling for calendar year 2000 is allocated to the | | Maine Educational Loan Authority to be used or reallocated in | | accordance with Title 10, section 363, subsection 8. |
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| | | Sec. 5. Allocation to the Maine State Housing Authority. The $40,000,000 of | | the state ceiling for calendar year 1999 previously allocated to | | the Maine State Housing Authority is allocated to the Maine State | | Housing Authority to be used or reallocated in accordance with | | the Maine Revised Statutes, Title 10, section 363, subsection 4 | | for calendar year 1999. Forty million dollars of the state | | ceiling for calendar year 2000 is allocated to the Maine State | | Housing Authority for the same uses. |
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| | | Sec. 6. Allocation to the Maine Educational Loan Marketing Corporation. The | | $20,000,000 of the state ceiling for calendar year 1999 | | previously allocated to the Maine Educational Loan Marketing | | Corporation is allocated to the Maine Educational Loan Marketing | | Corporation to be used or reallocated in accordance with the | | Maine Revised Statutes, Title 10, section 363, subsection 8 for | | calendar year 1999. Twenty million dollars of the state ceiling | | for calendar year 2000 is allocated to the Maine Educational Loan | | Marketing Corporation to be used or reallocated in accordance | | with Title 10, section 363, subsection 8. |
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| | | Sec. 7. Unallocated state ceiling. Thirty-five million dollars of the | | state ceiling for calendar year 2000 is unallocated and must be | | reserved for future allocation in accordance with applicable | | laws. |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
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| | | This bill establishes the allocations of the state ceiling on | | issuance of tax-exempt bonds for calendar years 1999 and 2000. | | Under federal law, a maximum of $150,000,000 in tax-exempt |
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