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2011 Maine Revised Statutes
TITLE 38: WATERS AND NAVIGATION
Chapter 11: SANITARY DISTRICTS
38 §1068. Lease of property by sanitary district


38 ME Rev Stat § 1068 (2011 through 125th Legis) What's This?

Subchapter 1: GENERAL PROVISIONS

§1068. Lease of property by sanitary district

Nothing in this chapter is intended to limit the authority of a sanitary district to enter into a lease and leaseback transaction with respect to some or all of its real or personal property, other than land, and to take all other action necessary or desirable, including, but not limited to, the granting of mortgages and liens, to effectuate the transaction. For purposes of this section, "lease" includes a lease of any length, including leases that may be defined as sales for income tax purposes. [2003, c. 267, §2 (NEW).]

SECTION HISTORY

2003, c. 267, §2 (NEW).

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