Bonding and financing organizations have the primary responsibilities to finance construction of projects, new businesses or business expansions; administer pension funds or the proceeds of bond sales; and administer organizations created to fulfill these responsibilities.
The primary powers of these boards include the authority to hold hearings and adopt rules; establish procedures and standards; lease or acquire property; enter into contracts; sell bonds; invest income; and borrow money.
This classification includes the following.
NAME OF ORGANIZATION RATE OF COMPENSATION STATUTORY REFERENCE
1. Finance Authority of Maine Legislative Per Diem 10 MRSA §964
2. Maine Municipal Bond Bank, Board of Commissioners Legislative Per Diem 30‑A MRSA §5951
3. Maine State Housing Authority Legislative Per Diem 30‑A MRSA §4722
4. Maine Turnpike Authority, Board of Directors Legislative Per Diem 23 MRSA §1964‑A
5. Maine Public Utility Financing Bank, Board of Commissioners
6. Maine Health and Higher Educational Facilities Authority Legislative Per Diem 22 MRSA §2054
7. Maine School Building Authority
8. Maine Port Authority $100/Meeting Plus Expenses 23 MRSA §4420
9. Board of Trustees, Maine Public Employees Retirement System Legislative Per Diem 5 MRSA §17102
10. State Employee Health Commission Expenses Only 5 MRSA §285‑A
11. Maine Governmental Facilities Authority Expenses Only 4 MRSA §1602
12. Board of Directors, Student Educational Enhancement Deposit Plan
13. Maine Low-level Radioactive Waste Authority
14. Board of Trustees, Sludge and Residuals Utilization Research Foundation
15. Maine Educational Loan Authority
16. Northern New England Passenger Rail Authority Legislative Per Diem 23 MRSA §8111
17. Small Enterprise Growth Board Expenses Only 10 MRSA §471
18. Maine Rural Development Authority Expenses Only 5 MRSA §13120‑A