30-A §5036. Municipal Land Acquisition Revolving Fund
Title 30-A: MUNICIPALITIES AND COUNTIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Part 2: MUNICIPALITIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Subpart 8: DEVELOPMENT HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Chapter 202: AFFORDABLE HOUSING PARTNERSHIP HEADING: PL 1989, C. 601, PT. B, §4 (NEW)
Subchapter 4: LAND ACQUISITION PROGRAM HEADING: PL 1989, C. 601, PT. B, §4 (NEW)
§5036. Municipal Land Acquisition Revolving Fund
The Municipal Land Acquisition Revolving Fund is established as a nonlapsing revolving fund to provide low-interest loans to municipalities for the acquisition or development of land for affordable housing. The fund is administered by the state authority. The state authority shall deposit in this fund all payments of principal and interest on loans made from the fund. [1991, c. 610, §17 (AMD).]
SECTION HISTORY
1989, c. 601, §B4 (NEW). 1991, c. 610, §17 (AMD).