Maine Revised Statutes Title 20-A Sec. 11432 – Termination of existence of authority
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Terms Used In Maine Revised Statutes Title 20-A Sec. 11432
- Authority: means the Finance Authority of Maine, including in its capacity as successor to the Maine Educational Loan Authority and the Finance Authority of Maine's successors or assigns. See Maine Revised Statutes Title 20-A Sec. 11413
- Bonds: includes bonds, notes, refunding bonds, commercial paper, pass-through instruments or any other evidences of obligations of the authority issued under this chapter. See Maine Revised Statutes Title 20-A Sec. 11413
A law terminating the existence of the authority may not take effect as long as any bonds of the authority issued under this chapter are outstanding and unpaid without adequate provision for payment having been made. [PL 2015, c. 170, §26 (AMD); PL 2015, c. 170, §30 (AFF).]
SECTION HISTORY
PL 1987, c. 807, §3 (NEW). PL 2015, c. 170, §26 (AMD). PL 2015, c. 170, §30 (AFF).