LD 1957
pg. 4
Page 3 of 15 PUBLIC Law Chapter 599 Page 5 of 15
Download Chapter Text
LR 2604
Item 2

 
instrumentalities or municipalities, public bodies, private
corporations, partnerships, associations and individuals to
carry out the purposes of this article;

 
H.__Accept the cooperation of the Federal Government or its
agencies in the construction, maintenance, reconstruction,
operation and financing of the readjustment of the base and
take necessary actions to utilize that aid and cooperation;

 
I.__Borrow money and apply for and accept advances, loans,
grants, contributions and other forms of financial
assistance from the Federal Government, the State, a
municipality or other public body or from other sources,
public or private, for the purposes of this article, give
any security that is required and enter into and carry out
contracts in connection with that financial assistance;

 
J.__Borrow money, make, issue and sell at public or private
sale negotiable notes, bonds and other evidences of
indebtedness or obligation of the authority for the purposes
under this article and secure the payment of that obligation
or any part of that obligation by pledge of all or any part
of the operating revenues of the authority;

 
K.__Enter into loan or security agreements with one or more
lending institutions, including, but not limited to, banks,
insurance companies and institutions that administer pension
funds, or trustees for those institutions for the issuance
of bonds and exercise with respect to those loan or security
agreements all of the powers delineated in this article for
the issuance of bonds;

 
L.__Provide from operating revenues for the maintenance,
construction or reconstruction of facilities to ensure the
public safety for which the authority has not otherwise
provided;

 
M.__Use operating revenues to provide payment of
obligations, if any, due to the United States to implement
the readjustment or reuse of the base facility;

 
N.__Adopt rules pursuant to the Maine Administrative
Procedure Act; and

 
O.__Take all other lawful action necessary and incidental to
these powers.

 
2.__Membership; appointment.__The authority is governed by a
board of trustees composed of 11 voting members appointed by the
Governor and subject to review by the joint standing committee of


Page 3 of 15 Top of Page Page 5 of 15
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