Maine Revised Statutes Title 5 Sec. 137 – Purchase of unmatured bonds of State
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Terms Used In Maine Revised Statutes Title 5 Sec. 137
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
Whenever, from time to time in the judgment of the Treasurer of State, it may be done to the financial advantage of the State, he may, with the advice and consent of the Governor, purchase with any funds in the State Treasury not otherwise appropriated and, when so purchased, may cancel any outstanding, unmatured bonds of the State. [PL 1975, c. 771, §40 (AMD).]
SECTION HISTORY
PL 1975, c. 771, §40 (AMD).