Maine Revised Statutes
Article 1-B: LORING DEVELOPMENT AUTHORITY OF MAINE
5 §13080-K. Termination of the authority

§13080-K. Termination of the authority
The authority is not dissolved until:   [PL 1993, c. 474, §1 (NEW).]
1.  Legislature provides for termination.  It is terminated by the Legislature; and  
[PL 1993, c. 474, §1 (NEW).]
2.  Payment of bonds, premiums and interest.  The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders in accordance with agreements with the bondholders.  
[PL 2003, c. 598, §9 (AMD).]
SECTION HISTORY
PL 1993, c. 474, §1 (NEW). PL 2003, c. 598, §9 (AMD).

Structure Maine Revised Statutes