United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 10, § 964: Organization and responsibility, 1983

The Finance Authority of Maine is established as a public instrumentality and must administer listed programs; it must also consider state economic development strategy and related department policies when implementing…

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organizational structureprogram administration

Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 1983
Dates: Enacted 1983 · Source version 1 Oct 2025

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Dates: Enacted 1983 · Source version 1 Oct 2025

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“The Finance Authority of Maine is established as a public instrumentality and must administer listed programs; it must also consider state economic development strategy and related department policies when implementing its powers and programs.”

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Organization and responsibility

Section 964

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Source record from legislature.maine.gov · Enacted 1983 · Source version 1 Oct 2025

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§ 964Organization and responsibilityProvision

Source excerpt

1. Finance Authority of Maine. The Finance Authority of Maine is established as a body corporate and politic and a public instrumentality of the State, and the exercise by the authority of the powers conferred by this chapter shall be deemed and held to be the performance of essential governmental functions. The Finance Authority of Maine shall be responsible for the administration of the: A. Loan Insurance Program; [PL 2003, c. 537, §13 (AMD); PL 2003, c. 537, §53 (AFF).] B. Revenue Obligation Securities Program; [PL 1983, c. 519, §6 (NEW).] C. Municipal Securities Approval Program; [PL 1983, c. 519, §6 (NEW).] D. [PL 2003, c. 537, §14 (RP); PL 2003, c. 537, §53 (AFF).] E. [PL 2003, c. 537, §15 (RP); PL 2003, c. 537, §53 (AFF).] F. Natural Resources Financing and Marketing Programs; [PL 1985, c. 344, §8 (AMD).] G. Maine Job-start Program; [PL 1989, c. 559, §3 (AMD).] H. Such other programs as the authority may by law be authorized to administer; [PL 1989, c. 559, §3 (AMD); PL 1989, c. 774, §1 (AMD).] I. Student financial assistance programs; and [PL 1989, c. 559, §4 (NEW); PL 1989, c. 774, §2 (AMD).] J. Waste oil furnace loan program. [PL 1989, c. 774, §3 (NEW).] [PL 2003, c. 537, §§13-15 (AMD); PL 2003, c. 537, §53 (AFF).] 2. Divisions. The Finance Authority of Maine contains such divisions as may be of assistance to implement the programs and perform the duties as defined in this chapter and as required by the authority. The divisions include: A. [PL 2001, c. 417, §4 (RP).] B. [PL 2001, c. 417, §4 (RP).] C. Business Assistance; [PL 2001, c. 417, §4 (AMD).] D. Finance and Administration; [PL 2001, c. 417, §4 (AMD).] E. Education Assistance; and [PL 2001, c. 417, §4 (AMD).] F. Legal. [PL 2001, c. 417, §4 (NEW).] [PL 2001, c. 417, §4 (AMD).] 3. Programs and policies. In implementing its powers, duties, responsibilities and programs, the Finance Authority of Maine shall consider the state economic development strategy and the policies and activities of the Department of Economic and Community Development. [PL 1987, c. 534, Pt. B, §§6, 23 (NEW).]

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1 Oct 2025 · currentEnglish

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