| | | G. Contract with the Federal Government or its | | instrumentalities or agencies, this State or its agencies, | | instrumentalities or municipalities, public bodies, private | corporations, partnerships, associations and | | and other persons to carry out the purposes of this article; |
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| | | J. Borrow money, make, issue and sell at public or private | | sale negotiable notes, bonds and other evidences of | | indebtedness or obligation of the authority for the purposes | | under this article and secure the payment of that obligation | | or any part of that obligation by pledge of all or any part | | of the operating revenues or other revenues or property of | | the authority; |
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| | | K. Enter into loan or security agreements with borrowers or | | one or more lending institutions, including, but not limited | | to, banks, insurance companies and pension funds, or | | trustees for those institutions for the purposes for which | | bonds may be issued and exercise with respect to those loan | | or security agreements all of the powers delineated in this | | article for the issuance of bonds; |
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| | | Sec. 3. 5 MRSA §13080-G, sub-§1, as enacted by PL 1993, c. 474, §1, is | | amended to read: |
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| | | 1. Hearing required. The authority may issue bonds to | | finance its activities only after giving notice of the proposed | issuance and its terms | | circulation in the county and holding a duly advertised public | | hearing on the issuance. |
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| | | Sec. 4. 5 MRSA §13080-G, sub-§2, as amended by PL 1995, c. 495, §§6 | | and 7, is further amended to read: |
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| | | 2. Authority. In addition to the authority provided in | | subsection 1-A, the authority may issue bonds from time to time | | in its discretion to finance the undertaking of an authorized | | activity under this article, including but not limited to the | | payment of costs of acquisition, construction, reconstruction, | | renovation, equipping, start-up, testing, capitalized interest, | | reserves, reuse or improvement within the base undertaken by a | | person and the payment of principal and interest upon advances | | for surveys and plans, and may issue refunding bonds for the | | payment or retirement of bonds previously issued. |
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| | A. The principal andof | | at any time become due and payable under the bonds must be made | | payable solely from the income, proceeds, revenues and funds of | | the authority derived from or held for |
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