30-A §6006-E. Maine school facilities finance lease-purchase program
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 9: FISCAL MATTERS HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Chapter 225: MAINE MUNICIPAL BOND BANK HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Subchapter 3: FINANCIAL OPERATION HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
§6006-E. Maine school facilities finance lease-purchase program
In addition to and in furtherance of any other assistance available to a school administrative unit in this chapter, the bank, in cooperation with the Department of Education, shall establish a lease-purchase program for buildings to be used by all school administrative units whose school facility lease-purchase payments receive reimbursement, subsidy or other payment from the State. For the purposes of this section, a lease-purchase program is a system for awarding leases for a school administrative unit pursuant to a competitive bidding process. [1999, c. 81, §15 (AMD).]
SECTION HISTORY
1997, c. 787, §13 (NEW). 1999, c. 81, §15 (AMD).