Securities issued under this Act shall be considered to constitute a proper public purpose and the securities so issued, their transfer and the income from the securities, including any profits made on the sale of the securities, at all times shall be exempt from taxation within the State.
Me. Rev. Stat. tit. 4, § 1611
Tax exemption
Known as the Maine Governmental Facilities Authority Act
The act spans §§ 1601 to 1620 (40 sections).
PL 1987, c. 438, §1 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.