§966. Terms of office
The terms of office for the designated and at-large members defined in section 965, subsections 2 and 3, are for 4 years, except for initial appointees. [PL 2001, c. 417, §7 (AMD).]
1. Initial terms of office. The initial terms of office shall apply to the initial designated and at-large appointees, as defined in section 965, subsections 2 and 3. The initial terms of office for these members shall be as follows:
A. One shall be appointed for one year; [PL 1983, c. 519, §6 (NEW).]
B. Two shall be appointed for 2 years; [PL 1983, c. 519, §6 (NEW).]
C. Two shall be appointed for 3 years; and [PL 1983, c. 519, §6 (NEW).]
D. One shall be appointed for one year. [PL 1983, c. 519, §6 (NEW).]
For purposes of determining eligibility for reappointment of the designated and at-large members, the initial appointments for one or 2 years, as described in paragraphs A and B, shall not be deemed to be full terms.
[PL 1983, c. 519, §6 (NEW).]
2. Limitation on terms; removal. Except for state members, a member of the authority shall serve no more than 2 full consecutive terms. Any member of the board may be removed by the Governor for cause.
[PL 1983, c. 519, §6 (NEW).]
SECTION HISTORY
PL 1983, c. 519, §6 (NEW). PL 2001, c. 417, §7 (AMD).
Structure Maine Revised Statutes
Part 2: BUILDING AND DEVELOPMENT
Chapter 110: FINANCE AUTHORITY OF MAINE
Subchapter 1: FINANCE AUTHORITY OF MAINE ACT
10 §961. Finance Authority of Maine Act
10 §963. Definitions (REPEALED)
10 §964. Organization and responsibility
10 §967. Compensation; expenses; indemnification (REPEALED)
10 §967-A. Limitation of liability
10 §969. Powers and duties of the authority (REPEALED)
10 §969-A. Powers and duties of the authority
10 §970. Insured or guaranteed loans for industrial projects (REPEALED)
10 §970-A. Other mortgage insurance
10 §971. Actions of the members
10 §972. Chief executive officer
10 §973. Conflicts of interest
10 §975. Records confidential (REPEALED)
10 §975-A. Disclosure and confidentiality of records
10 §977. The Finance Authority of Maine; successor
10 §978. Governmental function
10 §980-A. Allocation of federal bond ceiling
10 §980-B. Maine Veterans' Small Business Loan Board (REPEALED)