PUBLIC Law Chapter 599

revenues and funds of the authority derived from or held for

activities under this article or otherwise pledged to payment

of the bonds will be sufficient to pay the principal, the

interest and all other amounts that may at any time become due

and payable under the bonds.__In making this determination,

the Finance Authority of Maine shall consider the authority's

analysis of the proposed bond issue and the revenues to make

payments on the bonds and may require such information,

projections, studies and independent analyses as it considers

necessary or desirable and may charge the authority reasonable

fees and expenses.__The issuance by the__Finance Authority of

Maine of a certificate of approval under this section does not

constitute an endorsement of the bonds or the projects or

purposes for which those bonds are issued and neither the

authority nor any other person or entity, including, without

limitation, any holders of bonds of the authority, have any

cause of action against the Finance Authority of Maine with

respect to any such certificate of approval.__The Finance

Authority of Maine may require that it be indemnified,

defended and held harmless by the authority for any liability

or cause of action arising out of or with respect to the

bonds.

3.__General characteristics.__Bonds authorized under this
section may be issued in one or more series.__The resolution,
trust indenture or mortgage under which the bonds are issued may
include the following:

A.__The date or dates borne by the bonds;

B.__Whether the bonds are payable upon demand or mature at a
certain time or times;

C.__The interest rate or rates of the bonds;

D.__The denomination or denominations of the bonds;

E.__The form of the bonds, whether coupon or registered;

F.__The conversion or registration privileges carried by the
bonds;

G.__The rank or priority of the bonds;

H.__The manner of execution of the bonds;

I.__The medium and place or places of payment;

Amendments	Public Hearing Schedule	Committee Information
Committee List	Work Session Schedule	Title & Section

	Search Bill Text	Legislative Information
Bill Directory	Search Bill Status	Session Information
119th Legislature Bills	Search Bill Status	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