Maine Revised Statutes
Part 2: MUNICIPALITIES
Subpart 9: FISCAL MATTERS

30-A §5705. Refinancing of the United States Farmers Home Administration loans - §5705. Refinancing of the United States Farmers Home Administration loans...

Subchapter 3-A: MUNICIPAL INVESTMENTS

Article 1: GENERAL INVESTMENTS

30-A §5706. Deposit or investment of funds - §5706. Deposit or investment of funds As directed by the...

Article 2: INVESTMENTS IN SECURITIES

30-A §5711. Investments in general - §5711. Investments in general Municipalities may hereafter invest their funds...

30-A §5712. Government unit bonds - §5712. Government unit bonds Municipalities may invest in: [PL 1987,...

30-A §5713. Corporate securities - §5713. Corporate securities Municipalities may invest in: [PL 1987, c....

30-A §5714. Financial institution stock and other obligations - §5714. Financial institution stock and other obligations 1. Municipalities may...

30-A §5715. Other stock investments - §5715. Other stock investments Municipalities may invest in: [PL 1987,...

30-A §5716. Other prudent securities - §5716. Other prudent securities Municipalities may invest in such securities...

30-A §5717. Retention of unauthorized securities - §5717. Retention of unauthorized securities Municipalities may acquire and hold...

30-A §5718. Standard of prudence - §5718. Standard of prudence All investments made under this subchapter...

30-A §5719. Limitations on investments - §5719. Limitations on investments A municipality's authority to invest municipal...

Subchapter 4: EXPENDITURES

30-A §5721. General authority - §5721. General authority A municipality may raise or appropriate money...

30-A §5721-A. Limitation on municipal property tax levy - §5721-A. Limitation on municipal property tax levy 1. Definitions. As...

30-A §5722. Operating expenses - §5722. Operating expenses A municipality may raise or appropriate money...

30-A §5723. Public works - §5723. Public works A municipality may raise or appropriate money...

30-A §5724. Schools and libraries - §5724. Schools and libraries A municipality may raise or appropriate...

30-A §5725. Health and welfare - §5725. Health and welfare A municipality may raise or appropriate...

30-A §5726. Development - §5726. Development A municipality may raise or appropriate money to:...

30-A §5727. Celebrations and commemorations - §5727. Celebrations and commemorations A municipality may raise or appropriate...

30-A §5728. General duties and operations - §5728. General duties and operations A municipality may raise or...

30-A §5729. Federal and state grants - §5729. Federal and state grants A municipality's acceptance of grants...

30-A §5730. Historic and scenic preservation - §5730. Historic and scenic preservation Pursuant to the Constitution of...

Subchapter 5: TAX BASE SHARING

30-A §5751. Purpose - §5751. Purpose It is the purpose of this subchapter to...

30-A §5752. Tax base sharing agreement - §5752. Tax base sharing agreement 1. Agreement. Any 2 or...

30-A §5753. Filing of agreement - §5753. Filing of agreement Before becoming effective, any agreement made...

Subchapter 6: BORROWING

30-A §5771. Revenue anticipation notes; fiscal year - §5771. Revenue anticipation notes; fiscal year A municipality by vote...

30-A §5772. General obligation securities - §5772. General obligation securities A municipality may issue general obligation...

30-A §5773. Borrowing in anticipation of federal or state aid - §5773. Borrowing in anticipation of federal or state aid 1....

Subchapter 7: RESERVE FUND

30-A §5801. Establishment - §5801. Establishment A municipality may establish a reserve fund, consisting...

30-A §5802. Trustees - §5802. Trustees The municipal officers are trustees of the municipal...

Subchapter 8: ACCOUNTS AND AUDITS

30-A §5821. Uniform accounting system - §5821. Uniform accounting system Each municipality and each quasi-municipal corporation,...

30-A §5822. Investigation of accounting and auditing system - §5822. Investigation of accounting and auditing system The State Auditor...

30-A §5823. Annual postaudit - §5823. Annual postaudit Each municipality and quasi-municipal corporation shall have...

30-A §5824. Witnesses and records - §5824. Witnesses and records The State Auditor may subpoena witnesses...

30-A §5825. State Auditor's report on financial matters (REPEALED) - §5825. State Auditor's report on financial matters (REPEALED) SECTION HISTORY...

30-A §5826. Penalties - §5826. Penalties A public official who neglects or refuses to...

Chapter 225: MAINE MUNICIPAL BOND BANK

Subchapter 1: GENERAL PROVISIONS

30-A §5901. Title - §5901. Title This chapter shall be known and may be...

30-A §5902. Declaration of necessity - §5902. Declaration of necessity 1. Declaration of purpose. It is...

30-A §5903. Definitions - §5903. Definitions As used in this chapter, unless the context...

30-A §5904. Liberal construction of chapter - §5904. Liberal construction of chapter This chapter shall be construed...

Subchapter 2: ESTABLISHMENT AND POWERS

30-A §5951. Creation of bank and membership - §5951. Creation of bank and membership 1. Bank established. There...

30-A §5952. Conflict of interest - §5952. Conflict of interest No commissioner of the bank may...

30-A §5953. Lending and borrowing powers generally - §5953. Lending and borrowing powers generally 1. Powers. For the...

30-A §5953-A. Loans from revolving loan fund - §5953-A. Loans from revolving loan fund 1. Loan application. A...

30-A §5953-B. Loans from safe drinking water revolving loan fund - §5953-B. Loans from safe drinking water revolving loan fund 1....

30-A §5953-C. Loans for energy efficiency improvements in municipal and school buildings - §5953-C. Loans for energy efficiency improvements in municipal and school...

30-A §5953-D. Assistance from Municipal Investment Trust Fund - §5953-D. Assistance from Municipal Investment Trust Fund 1. Application for...

30-A §5953-E. Maine School Facilities Finance Program - §5953-E. Maine School Facilities Finance Program There is established the...

30-A §5953-F. Recovery zone economic development bonds; qualified energy conservation bonds - §5953-F. Recovery zone economic development bonds; qualified energy conservation bonds...

30-A §5953-G. Additional securities; career and technical education centers and regions - §5953-G. Additional securities; career and technical education centers and regions...

30-A §5954. Corporate powers - §5954. Corporate powers 1. Powers. The bank is constituted a...

30-A §5954-A. Aggregation service - §5954-A. Aggregation service 1. Authority. In addition to its other...

30-A §5955. Additional powers - §5955. Additional powers In order to carry out the purposes...

30-A §5956. State services - §5956. State services 1. State assistance authorized. All state officers,...

30-A §5957. Allocation of state ceiling; recovery zone economic development bonds; qualified energy conservation bonds - §5957. Allocation of state ceiling; recovery zone economic development bonds;...

30-A §5958. Prohibited acts and limitation of powers - §5958. Prohibited acts and limitation of powers The bank may...

30-A §5959. Rules; reports - §5959. Rules; reports 1. Rules. Appropriate state agencies and the...

Subchapter 3: FINANCIAL OPERATION

30-A §6001. Budget - §6001. Budget Not later than June 1st of each year...

30-A §6002. Annual report - §6002. Annual report On or before the last day of...

30-A §6003. Bonds and notes of the bank - §6003. Bonds and notes of the bank 1. Bonds authorized....

30-A §6004. Resolutions and indentures - §6004. Resolutions and indentures 1. Trust agreement or trust indenture...

30-A §6005. Intent of pledge - §6005. Intent of pledge Any pledge of revenue or other...

30-A §6006. Reserve fund - §6006. Reserve fund 1. Reserve fund. The bank shall establish...

30-A §6006-A. Revolving loan fund - §6006-A. Revolving loan fund 1. Establishment; administration. A revolving loan...

30-A §6006-B. Safe drinking water revolving loan fund - §6006-B. Safe drinking water revolving loan fund 1. Establishment; administration....

30-A §6006-C. Municipal lease finance program - §6006-C. Municipal lease finance program 1. Establishment; administration. A municipal...

30-A §6006-D. Municipal Investment Trust Fund - §6006-D. Municipal Investment Trust Fund 1. Establishment; administration. The Municipal...

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

30-A §6006-F. School Revolving Renovation Fund - §6006-F. School Revolving Renovation Fund 1. Fund established. The School...

30-A §6006-G. TransCap Trust Fund - §6006-G. TransCap Trust Fund 1. Establishment; purposes. The TransCap Trust...

30-A §6006-H. State Water and Wastewater Infrastructure Fund - §6006-H. State Water and Wastewater Infrastructure Fund 1. Establishment; purposes....

30-A §6007. General fund - §6007. General fund 1. General fund established; money deposited. The...

30-A §6008. Additional reserves and funds - §6008. Additional reserves and funds The bank may establish any...

30-A §6009. Application of money - §6009. Application of money Money or investments in any fund...

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

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

30-A §6012. Tax exemptions - §6012. Tax exemptions All property of the bank and all...

30-A §6013. Insurance or guaranty - §6013. Insurance or guaranty 1. Insurance or guaranty authorized. The...

30-A §6013-A. Maine Municipal Bond Insurance Fund - §6013-A. Maine Municipal Bond Insurance Fund 1. Establishment. The Maine...

30-A §6014. Governmental unit intercept - §6014. Governmental unit intercept The Treasurer of State may receive...

30-A §6015. Undertakings of depositories - §6015. Undertakings of depositories 1. Undertakings; securities as collateral. All...

30-A §6016. Purchase of municipal securities - §6016. Purchase of municipal securities 1. Contracts with bank; interest;...

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

30-A §6018. Purchase of anticipation notes - §6018. Purchase of anticipation notes The bank may purchase notes...

30-A §6019. Agreements with financial institutions - §6019. Agreements with financial institutions 1. Agreements. The bank may...

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

30-A §6021. Presumption of validity - §6021. Presumption of validity After issuance, all bonds or notes...

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

30-A §6023. Remedies of holders of bonds and notes - §6023. Remedies of holders of bonds and notes 1. Trustee....

30-A §6024. Personal liability - §6024. Personal liability Neither the commissioners of the bank nor...

Subchapter 4: PENSION COST REDUCTION BONDS

30-A §6041. Legislative findings (REPEALED) - §6041. Legislative findings (REPEALED) SECTION HISTORY PL 2005, c. 12,...

30-A §6042. Pension cost reduction bonds authorized (REPEALED) - §6042. Pension cost reduction bonds authorized (REPEALED) SECTION HISTORY PL...

30-A §6043. Maine Municipal Bond Bank provisions (REPEALED) - §6043. Maine Municipal Bond Bank provisions (REPEALED) SECTION HISTORY PL...

30-A §6044. Construction (REPEALED) - §6044. Construction (REPEALED) SECTION HISTORY PL 2005, c. 12, §PPPP1...

Subchapter 5: LIQUOR OPERATION REVENUE BONDS

30-A §6051. Declaration of public policy; funding - §6051. Declaration of public policy; funding The Legislature finds and...

30-A §6052. Definitions - §6052. Definitions As used in this subchapter, unless the context...

30-A §6053. Liquor operation revenue bonds authorized - §6053. Liquor operation revenue bonds authorized 1. Revenue bonds. Notwithstanding...

30-A §6054. Liquor Operation Revenue Fund - §6054. Liquor Operation Revenue Fund 1. Fund established. The Liquor...

Chapter 229: MUNICIPAL FINANCE BOARD

30-A §6101. Membership - §6101. Membership The Board of Emergency Municipal Finance, established in...

30-A §6102. Purpose - §6102. Purpose The purpose of establishing the board is to...

30-A §6103. General powers; construction - §6103. General powers; construction 1. General powers. All powers and...

30-A §6104. Availability of state funds for public assistance programs - §6104. Availability of state funds for public assistance programs 1....

30-A §6105. Audit - §6105. Audit If a municipality falls one year and 6...

30-A §6106. Board may take over local government - §6106. Board may take over local government 1. Board may...

30-A §6107. Powers and duties of commissioners - §6107. Powers and duties of commissioners 1. Employees; compensation; appropriation....

30-A §6108. Temporary officials - §6108. Temporary officials 1. Appointment by commissioners. The commissioner or...

30-A §6109. Loans and assessments - §6109. Loans and assessments 1. Loan; commissioners' certificates; borrowing from...

30-A §6110. Duration of power of board - §6110. Duration of power of board The board shall continue...

30-A §6111. Complaint; notice - §6111. Complaint; notice 1. Commissioners may file complaint. If the...

30-A §6112. Voluntary compromise settlements - §6112. Voluntary compromise settlements 1. Settlement offers authorized. The board,...

30-A §6113. Reporting - §6113. Reporting Notwithstanding the provisions of Title 5, section 12005‑A,...

Chapter 231: FUND FOR THE EFFICIENT DELIVERY OF LOCAL AND REGIONAL SERVICES

30-A §6201. Definitions - §6201. Definitions As used in this chapter, unless the context...

30-A §6202. Fund source; nonlapsing; dedicated, special revenue account - §6202. Fund source; nonlapsing; dedicated, special revenue account There is...

30-A §6203. Fund administration - §6203. Fund administration The department shall administer the fund. The...

30-A §6204. Uses of fund - §6204. Uses of fund Except as otherwise provided by this...

30-A §6205. Eligibility; intergovernmental cooperation - §6205. Eligibility; intergovernmental cooperation In accordance with the request for...

30-A §6206. Local match - §6206. Local match The department may not require an eligible...

30-A §6207. Funding criteria - §6207. Funding criteria 1. Planning grants. In evaluating and ranking...

30-A §6208. Review panel; review and decision on grant applications - §6208. Review panel; review and decision on grant applications 1....

30-A §6209. Request for proposals - §6209. Request for proposals No later than November 1st of...

30-A §6210. Report (REPEALED) - §6210. Report (REPEALED) SECTION HISTORY PL 2005, c. 222, §4...

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Maine Revised Statutes Part 2: MUNICIPALITIES Subpart 9: FISCAL MATTERS

Maine Revised Statutes
Part 2: MUNICIPALITIES
Subpart 9: FISCAL MATTERS