Maine Revised Statutes Title 10 Sec. 1021 – Credit of State pledged
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Terms Used In Maine Revised Statutes Title 10 Sec. 1021
- Authority: means the Finance Authority of Maine as established by this chapter. See Maine Revised Statutes Title 10 Sec. 963-A
- Insured: means any individual, partnership, corporation, association or other entity which is the beneficiary of a loan insurance agreement with the authority. See Maine Revised Statutes Title 10 Sec. 963-A
The authority may insure the payment of mortgage loans, secured by eligible projects, and may insure or guaranty insured certificates, and to this end the faith and credit of the State is pledged, consistent with the terms and limitations of the Constitution of Maine, Article IX, Sections 14-A and 14-D and such further limitations as may be provided by this subchapter. [PL 1993, c. 460, §4 (AMD).]
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §8 (AMD). PL 1985, c. 344, §41 (AMD). PL 1993, c. 460, §4 (AMD).