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2011 Maine Revised Statutes
TITLE 20-A: EDUCATION
Chapter 413: NEW ENGLAND HIGHER EDUCATION COMPACT
20-A §11007. Gifts - Article VII

Universal Citation:
20-A ME Rev Stat § 11007 (2011 through 125th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Part 5: POST-SECONDARY EDUCATION

Subchapter 1: COMPACT

§11007. Gifts - Article VII

The board for the purposes of this compact may receive grants, devises, gifts and bequests which the board may agree to accept and administer. The board shall administer property held in accordance with special trusts, grants and bequests, and shall also administer grants and devises of land and gifts or bequests of personal property made to the board for special uses, and shall execute said trusts, investing the proceeds thereof in notes or bonds secured by sufficient mortgages or other securities. [1981, c. 693, §§ 5, 8 (NEW).]

SECTION HISTORY

1981, c. 693, §§5,8 (NEW).

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