LD 568
pg. 1
LD 568 Title Page An Act to Improve Local Governmental Unit Access to Bulk Purchasing LD 568 Title Page
Download Bill Text
LR 1377
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 30-A MRSA §5954-A, sub-§1, as enacted by PL 1999, c. 231, §2,
is repealed and the following enacted in its place:

 
1.__Authority.__In addition to its other enumerated powers but
subject to the limitations imposed under subsection 2, the bank
may purchase, lease or otherwise acquire, finance, sell or
transfer for, to or on behalf of itself and any governmental unit
or nonprofit corporation organized under the United States
Internal Revenue Code, Section 501, or in partnership with a
governmental unit or nonprofit group organized under Section 501,
commodities necessary for the daily operation of the facilities
of any such entities, including, but not limited to, electricity,
petroleum products, fuel oil and natural gas.

 
SUMMARY

 
This bill replicates in the Maine Municipal Bond Bank enabling
statutes language from the Maine Health and Higher Educational
Facilities Authority Act and will allow local governments and
nonprofit groups to obtain the savings associated with the bulk
purchase of the complete range of operational commodities.


LD 568 Title Page Top of Page LD 568 Title Page