LD 1922
pg. 6
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LR 2815
Item 1

 
unit or political subdivision or the revenues from any other
legally available source.

 
6. Corporate powers. In addition to all other powers granted
to the bank, for the purpose of carrying out this Act, the bank
may:

 
A. Make, enter into and enforce all contracts or agreements
necessary, convenient or desirable for the purposes of
financing or refinancing the qualified federal
transportation project;

 
B. Invest any funds or money of the bank not then required
for funding costs of the qualified transportation project in
the same manner as permitted for the investment of funds
belonging to the State or held by the Treasurer of State,
except as otherwise permitted or provided by this Act; and

 
C. Fix and prescribe any form of application or procedure
to be required of the State or of any agency, political
subdivision, instrumentality or department of the State with
respect to the qualified transportation project and fix the
terms and conditions of the qualified transportation project
and may enter into agreements with the State or any agency,
political subdivision, instrumentality or department of the
State or of any political subdivision of the State in
connection with the qualified transportation project.

 
7. Exception to prohibited acts and limitation of powers.
Notwithstanding the provisions of the Maine Revised Statutes,
Title 30-A, section 5958, the bank may make loans to the State or
any agency, political subdivision, instrumentality or department
of the State in connection with the financing of the qualified
transportation project.

 
8. Bonds and notes of bank. Notwithstanding the provisions
of the Maine Revised Statutes, Title 30-A, section 6003, the bank
may issue its bonds from time to time in any principal amounts
that it considers necessary to provide funds for any of the
purposes authorized by this Act, including the financing or
refinancing of all or a portion of the costs of the qualified
transportation project.

 
9. Receipt of federal appropriation money. The Treasurer of
State may receive from the Federal Government any amount of money
as appropriated, allocated, granted, turned over or in any way
provided for the purposes of this Act. In connection with the
financing of the qualified transportation project, these amounts
must be credited to and deposited in the Highway Fund and are
available to the bank.


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