§5120. Grant of funds by municipality
The municipality may grant funds to the authority for the purpose of aiding the authority in carrying out any of its powers and functions under this chapter. To obtain funds for this purpose, the municipality may levy taxes and may issue and sell its bonds. Any bonds issued by the municipality under this section shall be issued in the manner and within the limitations, except as otherwise provided, prescribed by the laws of the State for the issuance and authorization of bonds by the municipality for a public purpose. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]
SECTION HISTORY
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Structure Maine Revised Statutes
TITLE 30-A: MUNICIPALITIES AND COUNTIES
30-A §5102. Creation of authority
30-A §5106. Preparation and approval of renewal plans
30-A §5107. General neighborhood renewal plans
30-A §5109. Acquisition and development of land
30-A §5110. Authorization to issue bonds
30-A §5112. Conveyance to Federal Government on default
30-A §5113. Bonds as legal investments
30-A §5114. Exemption from taxes and execution
30-A §5115. Transfer, sale or lease of real property in urban renewal area
30-A §5116. Investment of funds; redemption of bonds
30-A §5117. Investigatory powers
30-A §5118. Cooperation by public bodies
30-A §5119. Encouragement of private enterprise
30-A §5120. Grant of funds by municipality
30-A §5121. Title of purchaser
30-A §5122. Interest of public officials, trustees or employees