Me. Stat. tit. 5 § 12004-F

Current through 131st (2023-2024) Legislature Chapter 634

Section 12004-F - Bonding and financing organization

Bonding and financing organizations have the primary responsibilities to finance construction of projects, new businesses or business expansions; administer pension funds or the proceeds of bond sales; and administer organizations created to fulfill these responsibilities. [1987, c. 786, §5 (NEW).]

The primary powers of these boards include the authority to hold hearings and adopt rules; establish procedures and standards; lease or acquire property; enter into contracts; sell bonds; invest income; and borrow money. [1987, c. 786, §5 (NEW).]

This classification includes the following. [1987, c. 786, §5 (NEW).]

NAME OF ORGANIZATION

RATE OF COMPENSATION

STATUTORY REFERENCE

1.

Finance Authority of Maine

Legislative Per Diem

10 MRSA §964

[1987, c. 786, §5 (NEW).]

2.

Maine Municipal Bond Bank, Board of Commissioners

Legislative Per Diem

30-A MRSA §5951

[1989, c. 503, Pt. A, §9 (AMD).]

3.

Maine State Housing Authority

Legislative Per Diem

30-A MRSA §4722

[1989, c. 503, Pt. A, §9 (AMD).]

4.

Maine Turnpike Authority, Board of Directors

Legislative Per Diem

23 MRSA §1964-A

[2011, c. 302, §1 (AMD).]

5.Maine Public Utility Financing Bank, Board of Commissioners

[2023, c. 608, §1 (RP).]

6.

Maine Health and Higher Educational Facilities Authority

Legislative Per Diem

22 MRSA §2054

[1987, c. 786, §5 (NEW).]

7.Maine School Building Authority

[1993, c. 494, §1 (RP).]

8.

Maine Port Authority

$100/Meeting Plus Expenses

23 MRSA §4420

[2007, c. 134, §2 (AMD).]

9.

Board of Trustees, Maine Public Employees Retirement System

Legislative Per Diem

5 MRSA § 17102

[1987, c. 786, §5 (NEW); 2007, c. 58, §3 (REV).]

10.

State Employee Health Commission

Expenses Only

5 MRSA § 285-A

[1989, c. 503, Pt. A, §10 (RPR).]

11.

Maine Governmental Facilities Authority

Expenses Only

4 MRSA §1602

[1999, c. 790, Pt. A, §2 (AMD).]

12.Board of Directors, Student Educational Enhancement Deposit Plan

[1991, c. 622, Pt. S, §6 (RP).]

13.Maine Low-level Radioactive Waste Authority

[1993, c. 664, §1 (RP).]

14.Board of Trustees, Sludge and Residuals Utilization Research Foundation

[1999, c. 668, §20 (RP).]

15.Maine Educational Loan Authority

[2015, c. 170, §3 (RP); 2015, c. 170, §30 (AFF).]

16.

Northern New England Passenger Rail Authority

Legislative Per Diem

23 MRSA §8111

[1995, c. 374, §1 (NEW).]

17.

Small Enterprise Growth Board

Expenses Only

10 MRSA § 471

[1995, c. 699, §1 (NEW).]

18.

Maine Rural Development Authority

Expenses Only

5 MRSA § 13120-A

[2001, c. 703, §1 (NEW).]

5 M.R.S. § 12004-F

Amended by 2024, c. 608,§ 1, eff. 8/9/2024.

Amended by 2015, c. 170,§ 3, 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.

Amended by 2011, c. 302,§ 1, eff. 6/10/2011.

1987, c. 786, § 5 (NEW) . 1989, c. 503, §§A9-11 (AMD) . 1991, c. 622, §S6 (AMD) . 1993, c. 494, § 1 (AMD) . 1993, c. 664, § 1 (AMD) . 1995, c. 374, § 1 (AMD) . 1995, c. 699, § 1 (AMD) . 1999, c. 668, § 20 (AMD) . 1999, c. 790, §A2 (AMD) . 2001, c. 703, § 1 (AMD) . 2007, c. 58, § 3 (REV) . 2007, c. 134, § 2 (AMD) .