§1983. Interest rate agreements
The authority is authorized to enter from time to time into agreements with another party, on terms and conditions that the authority determines are necessary or convenient, in which the authority agrees to make a payment to, or to receive a payment from, the other party based on a comparison at a future date between an interest rate specified on the date of the agreement and a rate derived on or about that future date from an interest rate index. The authority is authorized to enter into any credit enhancement or liquidity agreement on terms and conditions that the authority determines are necessary or convenient for carrying out this section. [PL 2003, c. 111, §1 (NEW).]
SECTION HISTORY
PL 2003, c. 111, §1 (NEW).
Structure Maine Revised Statutes
23 §1962. Preservation of rights
23 §1963. Maine Turnpike Authority
23 §1964-A. Board of directors
23 §1965. Maine Turnpike Authority; powers
23 §1965-A. Widening of the turnpike between Exit 1 and Exit 6-A (REPEALED)
23 §1965-B. Widening of the turnpike between mile marker 44 and mile marker 53
23 §1965-C. Construction of a connector to Gorham
23 §1966. Obligations of the authority
23 §1967. Property of the authority; eminent domain
23 §1969. Application of proceeds of bonds or notes in anticipation thereof
23 §1971. Exemption from taxes
23 §1973. Maintenance of the turnpike
23 §1974. Use of turnpike revenues
23 §1975. Provisions in case of default on bonds
23 §1976. Interim certificates
23 §1978. Termination of the authority
23 §1979. Governmental functions