§11432. Termination of existence of authority
A law terminating the existence of the authority may not take effect as long as any bonds of the authority issued under this chapter are outstanding and unpaid without adequate provision for payment having been made. [PL 2015, c. 170, §26 (AMD); PL 2015, c. 170, §30 (AFF).]
SECTION HISTORY
PL 1987, c. 807, §3 (NEW). PL 2015, c. 170, §26 (AMD). PL 2015, c. 170, §30 (AFF).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417-A: MAINE EDUCATIONAL LOAN PROGRAM
20-A §11411. Maine Educational Loan Program
20-A §11412. Declaration of necessity and purpose
20-A §11414. Finance Authority of Maine; successor
20-A §11415. Members (REPEALED)
20-A §11416. Officers; quorum; effective actions (REPEALED)
20-A §11417. Supplemental powers and functions
20-A §11418. Records confidential
20-A §11419. Conflict of interest (REPEALED)
20-A §11422. Loan transactions
20-A §11423. Trust agreement; pledge
20-A §11424. Capital reserve funds; obligation of the State
20-A §11425. Enforcement of rights and duties
20-A §11426. Bonds as legal investments
20-A §11427. Accounts and reports
20-A §11428. Chapter additional and supplemental
20-A §11430. Taxable bond option
20-A §11431. Agreement of the State
20-A §11432. Termination of existence of authority
20-A §11433. Chapter cumulative; no notice required