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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 150: Temporary loans by State, 1967

The Treasurer of State may arrange temporary loans with the Governor’s approval, and the loans must be repaid or retired within the stated deadlines.

Source excerpt

bond anticipationtax anticipationtemporary loans
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1967
Dates
Enacted 1967 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1967 · Source version 1 Oct 2025
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01

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“The Treasurer of State may arrange temporary loans with the Governor’s approval, and the loans must be repaid or retired within the stated deadlines.”

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    Enacted 1967 · 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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Temporary loans by State

The Treasurer of State may arrange temporary loans with the Governor’s approval, and the loans must be repaid or retired within the stated deadlines.

Section 150

04

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Source record from legislature.maine.gov · Enacted 1967 · Source version 1 Oct 2025

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Provision
§ 150Temporary loans by StateProvision

Source excerpt

The Treasurer of State may arrange temporary loans with the Governor’s approval, and the loans must be repaid or retired within the stated deadlines.

The Treasurer of State, with the approval of the Governor, may negotiate a temporary loan or loans in anticipation of the issuance of bonds authorized but not yet issued. Such temporary loan or loans shall be repaid from the proceeds of the bonds within one year from the date of the loan. [PL 1975, c. 771, §46 (AMD).] The Treasurer of State, with the approval of the Governor, may negotiate a temporary loan or loans in anticipation of taxes levied for that fiscal year, but not exceeding a total of that amount of taxes estimated by the Treasurer of State to be collected in the fiscal year in which the temporary loan or loans, or renewal of the temporary loan or loans, is made, as long as the temporary loans or renewals of the temporary loans do not exceed any limitation set forth in the Constitution of Maine, Article IX, Section 14. Any such loans may be renewed from time to time as the Treasurer of State, with the approval of the Governor, determines, except that each loan or renewal of the loan must be retired not later than the close of the fiscal year in which the loan was originally made and for which were levied the taxes in anticipation of the collection of which the loan was originally made; and that each loan or renewal of the loan must comply with the provisions of this section and the Constitution of Maine, Article IX, Section 14. [PL 2001, c. 705, §1 (AMD).]
Section 150Verify source

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  • 1 Oct 2025 · currentEnglish

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