2005 Maine Code - §5036 — Municipal Land Acquisition Revolving Fund

The Municipal Land Acquisition Revolving Fund is established as a nonlapsing revolving fund to provide low-interest loans to municipalities for the acquisition or development of land for affordable housing. The fund is administered by the state authority. The state authority shall deposit in this fund all payments of principal and interest on loans made from the fund. [1991, c. 610, §17 (amd).]

Section History:

PL 1989, Ch. 601, §B4 (NEW).
PL 1991, Ch. 610, §17 (AMD).

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