§3886. Limitation of powers
The board, notwithstanding section 3884‑A, subsection 1, paragraph F, may not enter into contracts, obligations or commitments of any kind on behalf of the State or its agencies, nor does it have the power of eminent domain or other powers not provided to business corporations generally. Bonds, notes and other evidences of indebtedness of the board are not debts or liabilities of the State and do not constitute a pledge of the faith and credit of the State. [PL 2001, c. 11, §3 (AMD).]
SECTION HISTORY
PL 1993, c. 600, §A16 (NEW). PL 2001, c. 11, §3 (AMD).
Structure Maine Revised Statutes
Subtitle 3: INCOME SUPPLEMENTATION
Chapter 1058: MAINE CHILDREN'S TRUST INCORPORATED
22 §3882. Establishment; purpose; nonprofit organization
22 §3883. Board; establishment
22 §3884-A. Duties of board; powers of board
22 §3886. Limitation of powers
22 §3887. Liability of officers, directors and employees
22 §3888. Prohibited interests of officers, directors and employees
22 §3889. Donations to the State
22 §3890. Annual report; audit