5 M.R.S. §12004-F: Bonding and financing organization

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