Me. Stat. tit. 20-A § 11432

Current through 131st (2023-2024) Legislature Chapter 684

Section 11432 - Termination of existence of authority

A law terminating the existence of the authority may not take effect as long as any bonds of the authority issued under this chapter are outstanding and unpaid without adequate provision for payment having been made. [2015, c. 170, §26(AMD); 2015, c. 170, §30(AFF).]

20-A M.R.S. § 11432

Amended by 2015, c. 170,§ 26, eff. when the Executive Director of the Maine Educational Loan Authority certifies in writing to the Chief Executive Officer of the Finance Authority of Maine that any consents required under documents of the Maine Educational Loan Authority in connection with outstanding bonds of the Maine Educational Loan Authority, if any, have been received.

1987, c. 807, § 3 (NEW) .