§11499-C. Chapter cumulative; no notice required
This chapter may not be construed as a restriction or limitation upon any powers that the authority might otherwise have under any laws of this State and this chapter is cumulative of any such powers. Neither the making of contracts nor the issuance of bonds pursuant to this chapter need comply with the requirements of any other state law applicable to the making of contracts, the issuance of bonds or the construction, acquisition or management of any project undertaken pursuant to this chapter. No proceedings, notice or approval is required for the issuance of any bonds or any instrument as security for those bonds, except as is provided in this chapter or in the federal Internal Revenue Code, if applicable. [PL 2003, c. 455, §2 (NEW).]
SECTION HISTORY
PL 2003, c. 455, §2 (NEW).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417-F: HIGHER EDUCATION LOAN PURCHASE PROGRAM
20-A §11491. Purpose; program established
20-A §11493. Higher Education Loan Purchase Program
20-A §11494. Records confidential
20-A §11496. Trust agreement; pledge of security
20-A §11496-A. Capital reserve funds; obligation of the State
20-A §11497. Loan transactions
20-A §11499. Bonds as legal investments
20-A §11499-A. Taxable bond option
20-A §11499-B. Agreement of the State