United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 4, § 1617: Contract of State, 1987

The State must not impair specified project, fee, or contract rights of securities holders until the securities and related interest, costs, and expenses are fully paid and discharged.

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01

Purpose and legislative effect

“The State must not impair specified project, fee, or contract rights of securities holders until the securities and related interest, costs, and expenses are fully paid and discharged.”

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    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.

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Contract of State

The State must not impair specified project, fee, or contract rights of securities holders until the securities and related interest, costs, and expenses are fully paid and discharged.

Section 1617

04

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

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Provision
§ 1617Contract of StateProvision

The State must not impair specified project, fee, or contract rights of securities holders until the securities and related interest, costs, and expenses are fully paid and discharged.

The State pledges and agrees with the holders of securities that the State will not limit or alter the rights vested in the authority to acquire, construct, reconstruct, equip and operate a project, projects or part of any project and related facilities, to establish and collect fees, charges, rentals and other charges referred to in this Act and to fulfill the terms of any agreements made with the holders of the securities or in any way impair the rights and remedies of the holders of securities until the securities, together with interest on securities, interest on any unpaid installments on interest and all costs and expenses in connection with any action or proceeding by or on behalf of the holders of securities are fully met and discharged. [PL 1987, c. 438, §1 (NEW).]
Section 1617Verify source

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  • 1 Oct 2025 · currentEnglish

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