Maine Revised Statutes Title 30-A Sec. 4932 – Declaration of purpose
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Terms Used In Maine Revised Statutes Title 30-A Sec. 4932
- Housing: includes , but is not limited to, any "project" or "housing project" as defined in section 4702, subsection 14. See Maine Revised Statutes Title 30-A Sec. 4933
- housing authority: means any of the public corporations created or authorized to be created by this chapter. See Maine Revised Statutes Title 30-A Sec. 4702
- Housing Mortgage Insurance Program: means any program of providing insurance for the payment of mortgage loans for housing in the State established by the Maine State Housing Authority. See Maine Revised Statutes Title 30-A Sec. 4933
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgage: means :
The Constitution of Maine, Article IX, Section 14?C, provides for insuring payment of mortgage loans for Indian housing for the purpose of “fostering and encouraging the acquisition, construction, repair and remodeling of houses owned or to be owned by members of the 2 tribes on the several Indian reservations.” It is the purpose of this subchapter to designate the Maine State Housing Authority as the state agency responsible for implementing the powers provided for in the Constitution of Maine, Article IX, Section 14?C. [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).]
Whereas the power of the Maine State Housing Authority to insure mortgages on housing, other than Indian housing, needs clarification, and whereas the Maine State Housing Authority is the appropriate agency of the State to administer a state housing mortgage insurance program and could administer it in conjunction with the Indian Housing Mortgage Insurance Program, it is the further purpose of this subchapter to provide that clarification. [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).