Maine Revised Statutes

§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).