LD 1922
pg. 7
Page 6 of 7 P & S Law Chapter 43 LD 1922 Title Page
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LR 2815
Item 1

 
10. Agreements with financial institutions. Notwithstanding the
provisions of the Maine Revised Statutes, Title 30-A, section 6019,
the bank may enter into any agreements or contracts with any
commercial banks, trust companies or banking or other financial
institutions within or outside the State that are necessary,
desirable or convenient in the opinion of the bank to provide any
other services to the bank to assist the bank in effectuating the
purposes of this Act.

 
11. Remedies of holders of bonds and notes. In addition to
all other rights or remedies set forth in the Maine Revised
Statutes, Title 30-A, section 6023, subsection 2, the trustee as
appointed pursuant to that section may, and upon written request
of the holders of 25% in principal amount of all bonds then
outstanding that have been issued to finance or refinance all or
a portion of the costs of the qualified transportation project
shall, in the trustee's or the bank's own name, by mandamus or
other suit, action or proceeding at law or in equity, enforce all
rights of such bondholders, including the right to require the
bank to collect payments and other amounts and to collect
interest and amortization payments under agreements payable to
the bank and pledged to payment of such bonds, adequate to carry
out any agreement as to, or pledge of, those payments and other
amounts and of such interest and amortization payments and to
require the bank to carry out any other agreements with the
bondholders and to perform its duties under this Act.

 
Sec. 5. Appropriations and allocations. The following appropriations and
allocations are made.

 
TRANSPORTATION, DEPARTMENT OF

 
Initiative: Provides for the allocation of additional Personal
Services, All Other and Capital Expenditures funding to support
the Waldo-Hancock Bridge project.

 
Other Special Revenue Funds2003-042004-05

 
Personal Services$0$2,000,000

 
All Other08,000,000

 
Capital Expenditures040,000,000

 
____________________

 
Other Special Revenue Funds Total$0$50,000,000


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