| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 30-A MRSA §5954-A, sub-§1, as enacted by PL 1999, c. 231, §2, | is repealed and the following enacted in its place: |
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| | 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. |
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| | 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. |
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