Maine Revised Statutes Title 5 Sec. 13080-D – Property of authority
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The authority shall hold and acquire property as follows. [PL 1993, c. 474, §1 (NEW).]
1. Lease or sale. Properties may be leased or sold to accomplish the readjustment or reuse of the facilities as determined appropriate by the authority. Resources acquired as a result of the lease or sale of these properties become operating revenues or assets of the authority.
[PL 1993, c. 474, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 5 Sec. 13080-D
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means the Loring Development Authority of Maine. See Maine Revised Statutes Title 5 Sec. 13080-A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- lands: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Operating revenues: means funds available to the authority from fees, fares, rental or sale of property and miscellaneous revenue and interest generated by the airport and collected in accordance with the provisions of the Surplus Property Act, 49 United States Code App. See Maine Revised Statutes Title 5 Sec. 13080-A
- Personal property: All property that is not real property.
- reuse: means an alternative use of the base facility from its use as a military installation. See Maine Revised Statutes Title 5 Sec. 13080-A
2. Entry upon lands. The authority and its authorized agents and employees may enter upon lands, waters and premises in the State for the purpose of making surveys, soundings, drillings and examinations it determines necessary or convenient for the purposes of this article. The entry is not a trespass, but the authority is liable for damages its entry creates.
[PL 1993, c. 474, §1 (NEW).]
3. Authority for transfers of interest in land to the authority. Notwithstanding any contrary provisions of law, upon the authority’s request, on reasonable and fair terms and conditions and without the necessity for advertisement, order of court or action or formality other than the regular and formal action of the authorities concerned, counties, municipalities, public agencies or instrumentalities of the State, public service corporations and special districts may lease, lend, grant or convey to the authority real or personal property or rights in that property that may be necessary or convenient for the effectuation of the authorized purposes of the authority, including real and personal property or rights in that property already devoted to public use. As used in this subsection, the term “public service corporation” includes a public utility as defined in Title 35?A, section 102, subsection 13 and a corporation referred to in Title 13?C.
[RR 2001, c. 2, Pt. B, §4 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]
4. Enforcement on ways under jurisdiction of the authority. A law enforcement officer may enforce the traffic laws under Title 29?A on a way under the jurisdiction of the authority.
[PL 2013, c. 48, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 474, §1 (NEW). RR 2001, c. 2, §B4 (COR). RR 2001, c. 2, §B58 (AFF). PL 2013, c. 48, §1 (AMD).