United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 4, § 1603: Definitions, 1987

This section defines key terms for the chapter, including the Act, the Authority, bonds, notes, costs, holders, projects, and securities.

bond issuanceproject financingpublic infrastructure

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“This section defines key terms for the chapter, including the Act, the Authority, bonds, notes, costs, holders, projects, and securities.”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

02

How the instrument operates

  1. 01

    Start with the recorded version

    Enacted 1987 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 04

    Verify currency and official wording

    Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

03

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

Definitions

This section defines key terms for the chapter, including the Act, the Authority, bonds, notes, costs, holders, projects, and securities.

Section 1603

04

Source and current-law status

Source record view

Source record from legislature.maine.gov · Enacted 1987 · Source version 1 Oct 2025

Verify current force

The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 1 of 1 provisions

Interpretation
§ 1603DefinitionsInterpretation

This section defines key terms for the chapter, including the Act, the Authority, bonds, notes, costs, holders, projects, and securities.

As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings. [PL 1987, c. 438, §1 (NEW).] 1. Act. "Act" means the Maine Governmental Facilities Authority Act. [PL 1997, c. 523, §3 (AMD).] 2. Authority. "Authority" means the Maine Governmental Facilities Authority as established by this Act. [PL 1997, c. 523, §3 (AMD).] 3. Bonds. "Bonds" means any bonds or securities of the Maine Governmental Facilities Authority issued pursuant to this Act. [PL 1997, c. 523, §3 (AMD).] 3-A. Career and technical education center. [PL 2021, c. 635, Pt. X, §1 (RP).] 3-B. Career and technical education region. [PL 2021, c. 635, Pt. X, §2 (RP).] 4. Cost. "Cost," as applied to a project, projects or part of any project, includes, but is not limited to: A. The purchase price or acquisition cost of any such project, projects or part of any project; [PL 1987, c. 438, §1 (NEW).] B. The cost of construction, building, alteration, enlargement, reconstruction, renovation, improvement and remodeling; [PL 1987, c. 438, §1 (NEW).] C. The cost of all labor, materials, machinery, furniture, fixtures and equipment; [PL 1997, c. 523, §4 (AMD).] D. The cost of all lands, structures, real or personal property, rights, easements, interests and franchises acquired; [PL 1987, c. 438, §1 (NEW).] E. The cost of all utility extensions, access roads, site development, financing charges, premiums for insurance, interest prior to and during construction and for 6 months after construction; [PL 1987, c. 438, §1 (NEW).] F. The cost of working capital related to the project, projects or part of any project; [PL 1987, c. 438, §1 (NEW).] G. The cost of plans and specifications, surveys and estimates of cost and of revenues; [PL 1987, c. 438, §1 (NEW).] H. The cost of engineering, feasibility, legal and other professional services; [PL 1987, c. 438, §1 (NEW).] I. The cost of reserves, insurance, letters of credit or other financial guarantees for payment of debt service on securities; [PL 1997, c. 523, §4 (AMD).] J. The cost of all other expenses necessary or incident to determining the feasibility or practicability of the project, projects or part of any project; [PL 1987, c. 438, §1 (NEW).] K. Administrative and operating expenses; and [PL 1987, c. 438, §1 (NEW).] L. Such other expenses as may be necessary or incident to the project, projects or part of any project and financing or refinancing authorized, including the refunding of any outstanding obligations, mortgages or advances issued, made or given by any person for any of the costs mentioned in this subsection. [PL 1987, c. 438, §1 (NEW).] [PL 1997, c. 523, §4 (AMD).] 4-A. Equipment purchases. [PL 2021, c. 635, Pt. X, §3 (RP).] 5. Holder of securities or holder. "Holder of securities" or "holder" or any similar term, when used with reference to securities of the Maine Governmental Facilities Authority, means any person who is the bearer of any outstanding securities of the authority registered to bearer or not registered, or the registered owner of any outstanding securities of the authority that, at the time, are registered other than to bearer. [PL 1997, c. 523, §5 (AMD).] 6. Notes. "Notes" means any notes of the Maine Governmental Facilities Authority issued pursuant to this Act. [PL 1997, c. 523, §5 (AMD).] 7. Project, projects or part of any project. "Project, projects or part of any project" means the acquisition, construction, improvement, reconstruction or equipping of, or construction of an addition or additions to, any structure designed for use as a court facility, state office or state activity space and intended to be used primarily by the State, any agency, instrumentality or department of the State or by any branch of State Government. The structure may include facilities for the use of related agencies of state, county or local government. "Project, projects or part of any project" includes all real and personal property, lands, improvements, driveways, roads, approaches, pedestrian access roads, parking lots, parking facilities, rights-of-way, utilities, easements and other interests in land, machinery and equipment and all fixtures, appurtenances and facilities either on, above or under the ground that are used or usable in connection with the structure, and also includes landscaping, site preparation, furniture, machinery, equipment and other similar items necessary or convenient for the operation of a particular facility or structure in the manner for which its use is intended. "Project, projects or part of any project" also includes the acquisition, construction, improvement, reconstruction or repair of any equipment, device, technology, software or other personal property intended to be used primarily by the State, any agency, instrumentality or department of the State or by any branch of State Government or any related agency of state, county or local government. The exact scope of each project, projects or part of any project, other than those for the Judicial Branch and the Legislative Branch, must be set forth in a written designation by the Commissioner of Administrative and Financial Services to the authority, and the exact scope of each project, projects or part of any project for the Judicial Branch must be set forth in a written designation by the State Court Administrator to the authority. The scope of each project for the Legislative Branch must receive a majority vote of the Legislative Council and be set forth in a written designation by the Executive Director of the Legislative Council to the authority. "Project, projects or part of any project" does not include such items as fuel, supplies or other items that are customarily considered as a current operating charge. [PL 2021, c. 635, Pt. X, §4 (AMD).] 8. Securities. "Securities" means any bonds, notes or other evidences of indebtedness authorized by this Act. [PL 1987, c. 438, §1 (NEW).]
Section 1603Verify source

Legislative relationships

1 referenced instrument

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

G–M

1 instrument

  • Maine Governmental Facilities Authority issued pursuant to this Act

    Section 1603

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • 1 Oct 2025 · currentEnglish

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

No legal research model is currently available.

Sign in

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.