§5719. Limitations on investments
A municipality's authority to invest municipal funds is limited to investments permitted under this subchapter and a municipality has no authority under home rule authority or otherwise to make any investments other than those permitted under this subchapter. [PL 1995, c. 206, §2 (NEW).]
SECTION HISTORY
PL 1995, c. 206, §2 (NEW).
Structure Maine Revised Statutes
TITLE 30-A: MUNICIPALITIES AND COUNTIES
Chapter 223: MUNICIPAL FINANCES
Subchapter 3-A: MUNICIPAL INVESTMENTS
Article 2: INVESTMENTS IN SECURITIES
30-A §5711. Investments in general
30-A §5712. Government unit bonds
30-A §5713. Corporate securities
30-A §5714. Financial institution stock and other obligations
30-A §5715. Other stock investments
30-A §5716. Other prudent securities
30-A §5717. Retention of unauthorized securities