§13120-F. Receive, use and invest funds
The authority may receive and accept from any source allocations, appropriations, loans, grants and contributions of money or other things of value to be held, used or applied to carry out this subchapter, subject to the conditions upon which the loans, grants and contributions may be made, including, but not limited to, appropriations, allocations, loans, grants or gifts from any federal agency or governmental subdivision or the State and its agencies. [PL 2001, c. 703, §6 (NEW).]
The authority may invest funds received from any source for carrying out this subchapter and expend interest and other earnings on those funds as appropriate to implement this subchapter, including use for program and administrative costs. [PL 2001, c. 703, §6 (NEW).]
SECTION HISTORY
PL 2001, c. 703, §6 (NEW).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 18-A: ECONOMIC AND COMMUNITY DEVELOPMENT
Chapter 383: ECONOMIC AND COMMUNITY DEVELOPMENT
Subchapter 9: MAINE RURAL DEVELOPMENT AUTHORITY
5 §13120-A. Authority established; purpose
5 §13120-C. Organization and responsibilities
5 §13120-D. Board of trustees; appointment; chair; employees
5 §13120-E. Agreements; contracts
5 §13120-F. Receive, use and invest funds
5 §13120-G. Acquisition, use and disposition of property
5 §13120-J. Interest of trustee or employee
5 §13120-K. Annual report; audit
5 §13120-M. Disclosure and confidentiality of records
5 §13120-N. Speculative industrial building program
5 §13120-O. Community Industrial Buildings Fund (REPEALED)
5 §13120-P. Commercial Facilities Development Program
5 §13120-R. Rural Manufacturing and Industrial Site Redevelopment Program
5 §13120-S. Inventory of nonproductive industrial or manufacturing sites