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)
.]
SECTION HISTORY
1993, c. 474, §1 (NEW).
2003, c. 598, §9 (AMD).
Data for this page extracted on 10/16/2012 08:18:44.