LD 1766
pg. 6
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LR 2611
Item 1

 
(2) Amounts, types and general terms of financial assistance
provided to those recipients or requested by those
applicants;

 
(3) Descriptions of projects and businesses benefiting or
to benefit from the financial assistance;

 
(4) Names of transferors or transferees, including
principals, of property to or from the authority, the
general terms of transfer and the purposes for which
transferred property will be used;

 
(5) Number of jobs and the amount of tax revenues
projected or resulting in connection with a project;

 
(6) Upon the authority's satisfaction of its mortgage loan
insurance liability, the amount of any mortgage loan
insurance payments with respect to a mortgage loan
insurance contract; and

 
(7) Names of financial institutions participating in
providing financial assistance and the general terms of
that financial assistance;

 
Sec. 18. 10 MRSA §986, sub-§4, as enacted by PL 1983, c. 519, §7, is
amended to read:

 
4. Procure insurance. The authority may procure insurance
from public or private entities against any loss in connection
with its operations and property interests, including insurance
for any loss in connection with any bonds or obligations held by
it and any of its property or assets and for payment of any bonds
or obligations issued by it. To the maximum extent possible, the
authority shall use the mortgage loan insurance program
established pursuant to subchapter II 2.

 
Sec. 19. 10 MRSA §997, sub-§2, śC, as amended by PL 1985, c. 344, §36,
is further amended to read:

 
C. Mortgage Loan insurance for loans which that satisfy the
following requirements:

 
(1) The lender must be a seller of agricultural land and
other eligible collateral:

 
(a) Who is a natural person; or

 
(b) Which That is a family farm corporation;


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