5 §13083-R. Termination of the authority - Maine Statutes

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES

Part 18-A: ECONOMIC AND COMMUNITY DEVELOPMENT HEADING: PL 1987, C. 534, PT. A, §17 (NEW)

Chapter 383: ECONOMIC AND COMMUNITY DEVELOPMENT HEADING: PL 1987, C. 534, PT. A, §17 (NEW)

Subchapter 3: TOURISM AND COMMUNITY DEVELOPMENT HEADING: PL 1987, C. 534, PT. A, §17 (NEW); 1995, C. 560, PT. B, §6 (RPR)

Article 2-B: MIDCOAST REGIONAL REDEVELOPMENT AUTHORITY HEADING: PL 2005, C. 599, §1 (NEW)

§13083-R. Termination of the authority

The authority is not dissolved until: [2005, c. 599, §1 (NEW).]

1. Legislature provides for termination. It is terminated by the Legislature; and

[ 2005, c. 599, §1 (NEW) .]

2. Payment of bonds, premiums and interest. The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders.

[ 2005, c. 599, §1 (NEW) .]

SECTION HISTORY

2005, c. 599, §1 (NEW).