LD 468
pg. 391
Page 390 of 395 PUBLIC Law Chapter 12 Page 392 of 395
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LR 2149
Item 1

 
A.__Make, enter into and enforce all contracts or agreements
necessary, convenient or desirable for the purposes of
financing or refinancing the costs of the pension
obligation;

 
B.__Invest any funds or money of the bank not then required
for funding costs of the pension obligation in the same
manner as permitted for the investment of funds belonging to
the State or held in the State Treasury, except as otherwise
permitted or provided by this subchapter; and

 
C.__Fix and prescribe any form of application or procedure
to be required of the State or of any agency, political
subdivision, instrumentality or department of the State with
respect to the costs of the pension obligation and fix the
terms and conditions of the costs of the pension obligation
and enter into agreements with the State or any agency,
political subdivision, instrumentality or department of the
State or of any political subdivision of the State in
connection with the costs of the pension obligation.

 
9.__Bonds of bank.__Notwithstanding the provisions of section
6003, the bank may issue its bonds, including bonds to refund
bonds, from time to time in any principal amounts pursuant to and
as prescribed by this subchapter.

 
10.__Agreements with financial institutions.__Notwithstanding
the provisions of section 6019, the bank may enter into any
ancillary obligation or other 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 subchapter.__The bank may enter into, amend or
terminate any ancillary obligation as it determines to be
necessary or appropriate to place the obligations or investments
of the bank, as represented by the bonds or the investment of
their proceeds, in whole or in part, on the interest rate, cash
flow or other basis approved by the bank.__The obligation may
include without limitation contracts commonly known as interest
rate swap agreements, forward purchase contracts or guaranteed
investment contracts and futures or contracts providing for
payments based on levels of, or changes in, interest rates.__
These contracts or arrangements may be entered into by the bank
in connection with or incidental to entering into or maintaining
any agreement that secures bonds of the bank or any investment or
contract providing for investment of reserves or similar facility
guaranteeing an investment rate for a period of years not to
exceed the underlying terms of the bonds.__The determination by
the bank that an ancillary obligation or the amendment or
termination of an ancillary


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