Maine Revised Statutes Title 23 Sec. 57-A – Acceptance of funds
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Terms Used In Maine Revised Statutes Title 23 Sec. 57-A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
The Department of Transportation is authorized and empowered to accept for the State funds from one or more private parties for transportation improvement needs generated by development. Such funds must be segregated and held in an account to be used as agreed by the parties. The State and its employees are not liable to any person, corporation or entity for damages arising out of any activities or contracts or for any other service or financial commitment resulting from the implementation of this section. [PL 1991, c. 409, §1 (NEW).]
SECTION HISTORY
PL 1991, c. 409, §1 (NEW).