LD 1625
pg. 4
Page 3 of 10 PUBLIC Law Chapter 455 Page 5 of 10
Download Chapter Text
LR 2152
Item 1

 
rule or with any agreement pertaining to financial assistance;

 
D.__Information, the disclosure of which the authority
determines is necessary or convenient to the sale or
transfer of its bonds or loans;

 
E.__Information necessary to ensure collection of any
obligation in which the authority has or may have an
interest;

 
F.__In any litigation or proceeding in which the authority
has appeared, any information obtained from records declared
confidential by this section; and

 
G.__Information required pursuant to a subpoena, request for
production of documents, warrant or other order by competent
authority, provided that any such order appears to have
first been served on the person to whom confidential
information sought pertains or belongs and provided that any
such order appears on its face or otherwise to have been
issued or made upon lawful authority.

 
§11495.__Bonds

 
1.__Issuance; purpose; payment; authorization; interim
receipts or certificates.__The authority may issue bonds for the
purposes of this chapter, including, except as otherwise provided
by section 11493, subsection 2, financing eligible loans, which
may include consolidation loans funding the payment of eligible
loans to borrowers of eligible loans financed by the authority,
financing loans to eligible lenders to fund the origination of
eligible loans and acquiring existing portfolios of eligible
loans from eligible lenders.__The bonds of each issue must be
authorized by the authority and be payable only from such sources
specified in__the agreement with bondholders, which may include,
without limitation, payments on or with respect to eligible loans
from any source, including sale proceeds; reserves established by
the authority for the bonds; payments pursuant to agreements with
financial institutions, credit unions, educational institutions
or any governmental entity; payments pursuant to interest rate
exchange agreements; investment earnings from funds or accounts
maintained pursuant to a trust agreement or other document;
proceeds of refunding bonds; and other fees, charges or revenues
of the authority.

 
Bonds issued by the authority for the purposes of this chapter,
the resolution authorizing the issuance of such bonds or any
trust agreement securing such bonds may include such provisions,
which must be part of the contract with the holders of the bonds


Page 3 of 10 Top of Page Page 5 of 10
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer