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2012 Maine Revised Statutes
TITLE 30-A: MUNICIPALITIES AND COUNTIES (HEADING: PL 1987, c. 737, Pt. A, @2 (new))
Chapter 225: MAINE MUNICIPAL BOND BANK
30-A §6006-E. Maine school facilities finance lease-purchase program


30-A ME Rev Stat § 6006-E (2012 through 125th Legis) What's This?

Part 2: MUNICIPALITIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)

Subpart 9: FISCAL MATTERS HEADING: PL 1987, C. 737, PT. A, §2 (NEW)

Subchapter 3: FINANCIAL OPERATION HEADING: PL 1987, C. 737, PT. A, §2 (NEW)

§6006-E. Maine school facilities finance lease-purchase program

In addition to and in furtherance of any other assistance available to a school administrative unit in this chapter, the bank, in cooperation with the Department of Education, shall establish a lease-purchase program for buildings to be used by all school administrative units whose school facility lease-purchase payments receive reimbursement, subsidy or other payment from the State. For the purposes of this section, a lease-purchase program is a system for awarding leases for a school administrative unit pursuant to a competitive bidding process. [1999, c. 81, §15 (AMD).]

SECTION HISTORY

1997, c. 787, §13 (NEW). 1999, c. 81, §15 (AMD).

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