Skip to main content
Find a Lawyer

Maine Revised Statutes Title 5. Administrative Procedures and Services § 12004-F. Bonding and financing organization

Current as of January 01, 2025 | Updated by Findlaw Staff

Bonding and financing organizations have the primary responsibilities to finance construction of projects, new businesses or business expansions; administer pension funds or the proceeds of bond sales; and administer organizations created to fulfill these responsibilities.

The primary powers of these boards include the authority to hold hearings and adopt rules; establish procedures and standards; lease or acquire property; enter into contracts; sell bonds; invest income; and borrow money.

This classification includes the following.

NAME OF
ORGANIZATION

RATE OF
COMPENSATION

STATUTORY
REFERENCE

1.

Finance Authority of Maine

Legislative
Per Diem

10 MRSA § 964

2.

Maine Municipal Bond Bank, Board of Commissioners

Legislative
Per Diem

30-A MRSA § 5951

3.

Maine State Housing Authority

Legislative
Per Diem

30-A MRSA § 4722

4.

Maine Turnpike Authority, Board of Directors

Legislative Per Diem

23 MRSA § 1964-A

5.

Repealed. Laws 2023, c. 608, § 1, eff. Aug. 9, 2024.

6.

Maine Health and Higher Educational Facilities Authority

Legislative
Per Diem

22 MRSA § 2054

7.

Repealed. Laws 1993, c. 494, § 1.

8.

Maine Port Authority

$100/Meeting Plus Expenses

23 MRSA § 4420

9.

Board of Trustees, Maine Public Employees

Legislative
Per Diem

5 MRSA § 17102

10.

State Employee Health Commission

Expenses
Only

5 MRSA § 285-A

11.

Maine Governmental Facilities Authority

Expenses Only

4 MRSA § 1602

12.

Repealed. Laws 1991, c. 622, § S-6, eff. Dec. 23, 1991.

13.

Repealed. Laws 1993, c. 664, § 1, eff. April 12, 1994.

14.

Repealed. Laws 1999, c. 668, § 20.

15.

Repealed. Laws 2015, c. 170, § 3.

16.

Northern New England Passenger Rail Authority

Legislative
Per Diem

23 MRSA § 8111

17.

Small Enterprise Growth Board

Expenses Only

10 MRSA § 471

18.

Maine Rural Development Authority

Expenses Only

5 MRSA § 13120-A
Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maine Revised Statutes Title 5. Administrative Procedures and Services § 12004-F. Bonding and financing organization - last updated January 01, 2025 | https://codes.findlaw.com/me/title-5-administrative-procedures-and-services/me-rev-st-tit-5-sect-12004-f/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard