In addition to and in furtherance of any other assistance available to a school administrative unit in this chapter, the bank, in cooperation with the Department of Education, shall establish a lease-purchase program for buildings to be used by all school administrative units whose school facility lease-purchase payments receive reimbursement, subsidy or other payment from the State. For the purposes of this section, a lease-purchase program is a system for awarding leases for a school administrative unit pursuant to a competitive bidding process.
Me. Rev. Stat. tit. 30-A, § 6006-E
Maine school facilities finance lease-purchase program
Known as the Maine Municipal Bond Bank Act
The act spans §§ 5901 to 6054 (62 sections).
PL 1997, c. 787, §13 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.