§935. Franklin County loans
The county commissioners of Franklin County may obtain loans of money for the use of Franklin County, not to exceed $50,000, and cause notes or obligations, with coupons for lawful interest, to be issued for payment of the loans. Any loans of money in excess of $10,000 may be incurred only for the purpose of building, rebuilding, altering or otherwise improving county owned real estate and personal property in that real estate. [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
Chapter 3: COUNTY BUDGET AND FINANCES
Subchapter 2: COUNTY FISCAL MATTERS
Article 3: DEBTS AND BORROWING
30-A §931. Property taken for debt due from county
30-A §932. Anticipatory borrowing
30-A §935. Franklin County loans
30-A §935-A. Aroostook County loans
30-A §937. Financial statements required
30-A §938. Bond issue referendum election; conduct; public hearings