Article 1-B: LORING DEVELOPMENT AUTHORITY OF MAINE
§13080-K. Termination of the authority
The authority is not dissolved until: [1993, c. 474, §1 (NEW).]
1.Legislature provides for termination.
It is terminated by the Legislature; and
1993, c. 474, §1 (NEW)
2.Payment of bonds, premiums and interest.
The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest
to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders in accordance
with agreements with the bondholders.
2003, c. 598, §9 (AMD)
1993, c. 474, §1 (NEW).
2003, c. 598, §9 (AMD).
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