§921. Limitation of powers
The foundation, notwithstanding the foregoing, shall have no power or authority to enter into contracts, obligations or commitments of any kind on behalf of the State or any of its agencies, nor shall it have the power of eminent domain or any other power not provided to business corporations generally. Bonds, notes and other evidences of indebtedness of the foundation shall not in any way be a debt or liability of the State or constitute a pledge of the faith and credit of the State. [PL 1977, c. 548, §1 (NEW).]
SECTION HISTORY
PL 1977, c. 548, §1 (NEW).
Structure Maine Revised Statutes
Part 2: BUILDING AND DEVELOPMENT
Chapter 107: MAINE DEVELOPMENT FOUNDATION; MAINE ECONOMIC GROWTH COUNCIL
10 §915. Legislative findings and intent
10 §919. Board of directors; officers
10 §922. Liability of officers, directors
10 §923. Prohibited interests of officers, directors and employees
10 §924. Donations to the State
10 §926. General conditions; dissolution
10 §929-A. Maine Economic Growth Council
10 §929-C. Research and development budgetary recommendations