Maine Revised Statutes Title 5 Sec. 13083-J – Use of operating revenues
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1. Principal use of revenue. Operating revenue must be used principally to reinvest in the properties held by the authority.
[PL 2005, c. 599, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 5 Sec. 13083-J
- Authority: means the Midcoast Regional Redevelopment Authority established in section 13083?G. See Maine Revised Statutes Title 5 Sec. 13083-H
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- reconstruction: means any activities undertaken to maintain the properties of Brunswick Naval Air Station, or any part of those properties, as a modern, safe and efficient facility and includes, but is not limited to, any rebuilding, redesign, improvement or enlargement of the real properties or environmental mitigation activities on base properties. See Maine Revised Statutes Title 5 Sec. 13083-H
2. Permitted liability limited. All expenses incurred in carrying out this article must be paid solely from funds provided under the authority of this article, and liability or obligation may not be incurred under this article beyond the extent to which money has been provided under the authority of this article.
[PL 2005, c. 599, §1 (NEW).]
3. Equal opportunity employers. Contractors and subcontractors on authority construction and reconstruction projects must be equal opportunity employers and, for contracts in excess of $250,000, shall pursue in good faith affirmative action programs as defined in section 782. The authority may by rule provide for the enforcement of this requirement.
[PL 2005, c. 599, §1 (NEW).]
SECTION HISTORY
PL 2005, c. 599, §1 (NEW).