§2058. Conveyance of title to participating institutions

Link to law: http://legislature.maine.gov/legis/statutes/22/title22sec2058.html
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
§2058. Conveyance of title to participating institutions






When the principal of and interest on bonds of the authority issued to finance the
cost of a particular project or projects for a participating health care facility, a participating institution for higher education or a participating institution providing an educational program, including any refunding bonds issued to refund and refinance such bonds, have been
fully paid and retired or when adequate provision has been made to fully pay and retire
the same, and all other conditions of the resolution or trust agreement authorizing
and securing the same have been satisfied and the lien of such resolution or trust
agreement has been released in accordance with the provisions of the bonds, the authority
shall promptly do such things and execute such deeds and conveyances as are necessary
and required to convey title to such project or projects to such participating health
care facility, participating institution for higher education or participating institution providing an educational program, free and clear of all liens and encumbrances, all to the extent that title to such
project or projects is not, at the time, vested in such participating health care
facility, participating institution for higher education or participating institution providing an educational program. [2007, c. 354, §17 (AMD).]





SECTION HISTORY

1971, c. 303, §1 (NEW).
1979, c. 680, §15 (AMD).
1991, c. 50, §15 (AMD).
1993, c. 390, §20 (AMD).
2007, c. 354, §17 (AMD).