Maine Revised Statutes
Subchapter 3: FINANCIAL OPERATION
30-A §6011. Bonds as legal investments and security

§6011. Bonds as legal investments and security
Notwithstanding any restrictions contained in any other law, the State and all public officers, governmental units and agencies of the State, all national banking associations, state banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, money or other funds belonging to them or within their control in any bonds or notes issued by the bank under this chapter. These bonds or notes are authorized security for any and all public deposits.   [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

Maine Revised Statutes

TITLE 30-A: MUNICIPALITIES AND COUNTIES

Part 2: MUNICIPALITIES

Subpart 9: FISCAL MATTERS

Chapter 225: MAINE MUNICIPAL BOND BANK

Subchapter 3: FINANCIAL OPERATION

30-A §6001. Budget

30-A §6002. Annual report

30-A §6003. Bonds and notes of the bank

30-A §6004. Resolutions and indentures

30-A §6005. Intent of pledge

30-A §6006. Reserve fund

30-A §6006-A. Revolving loan fund

30-A §6006-B. Safe drinking water revolving loan fund

30-A §6006-C. Municipal lease finance program

30-A §6006-D. Municipal Investment Trust Fund

30-A §6006-E. Maine school facilities finance lease-purchase program

30-A §6006-F. School Revolving Renovation Fund

30-A §6006-G. TransCap Trust Fund

30-A §6006-H. State Water and Wastewater Infrastructure Fund

30-A §6007. General fund

30-A §6008. Additional reserves and funds

30-A §6009. Application of money

30-A §6010. Purchase of bonds and notes of bank

30-A §6011. Bonds as legal investments and security

30-A §6012. Tax exemptions

30-A §6013. Insurance or guaranty

30-A §6013-A. Maine Municipal Bond Insurance Fund

30-A §6014. Governmental unit intercept

30-A §6015. Undertakings of depositories

30-A §6016. Purchase of municipal securities

30-A §6017. Remedies on default of municipal securities

30-A §6018. Purchase of anticipation notes

30-A §6019. Agreements with financial institutions

30-A §6020. Form of municipal securities and investments

30-A §6021. Presumption of validity

30-A §6022. Exemption of property from execution sale

30-A §6023. Remedies of holders of bonds and notes

30-A §6024. Personal liability