Maine Revised Statutes Title 30-A Sec. 5957 – Allocation of state ceiling; recovery zone economic development bonds; qualified energy conservation bonds
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Terms Used In Maine Revised Statutes Title 30-A Sec. 5957
- Bonds: means bonds of the bank issued under this chapter. See Maine Revised Statutes Title 30-A Sec. 5903
- Municipal bond: means a bond or note or evidence of debt issued by a municipality and payable from taxes or from rates, charges or assessments, but does not include any bond or note or evidence of debt issued under chapter 213 or Title 10, chapter 110, subchapter IV. See Maine Revised Statutes Title 30-A Sec. 5903
- United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72
By rulemaking under Title 5, chapter 375, subchapter 2, the bank may establish a process for allocation and carry-forward of that portion of the state ceiling on issuance of tax-exempt bonds allocated to the bank under Title 10, chapter 9. The executive director of the Maine Municipal Bond Bank is designated as the state official authorized to issue the certification under the United States Code, title 26, § 149(e)(2)(F), as amended, for allocations of the state ceiling allocated to the bank pursuant to Title 10, chapter 9. [PL 2009, c. 517, §18 (AMD).]
By routine technical rulemaking defined under Title 5, chapter 375, subchapter 2?A the bank may establish a process for allocation of that portion of the national recovery zone economic development bond limitation established pursuant to 26 United States Code § 1400U?1, or that portion of the national qualified energy conservation bond limitation established pursuant to 26 United States Code § 54D, waived by any county or reallocated pursuant to section 5953?F and for designation by the bank of recovery zone economic development bonds and qualified energy conservation bonds. [PL 2009, c. 517, §18 (NEW).]
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). PL 1989, c. 224, §3 (AMD). PL 2009, c. 517, §18 (AMD).