{"data":{"id":"us-me/5-m.r.s.-13080-k","jurisdiction":"us-me","citation":"5 M.R.S. §13080-K","heading":"Termination of the authority","body":"The authority is not dissolved until:\n1.  Legislature provides for termination.  It is terminated by the Legislature; and\n2.  Payment of bonds, premiums and interest.  The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a prior redemption date have been irrevocably set aside in trust for the benefit of the bondholders in accordance with agreements with the bondholders.","path":["TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES","PART 18-A: ECONOMIC AND COMMUNITY DEVELOPMENT","CHAPTER 383: ECONOMIC AND COMMUNITY DEVELOPMENT","SUBCHAPTER 3: TOURISM AND COMMUNITY DEVELOPMENT","ARTICLE 1-B: LORING DEVELOPMENT AUTHORITY OF MAINE"],"source_url":"https://legislature.maine.gov/statutes/5/title5sec13080-K.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:22Z","sha256":"2b5da86e149b66573c6faae5d057a8e159324a3f95d5100583634dcaf50e26a6","source_id":"us-me","stale":false,"prev":"us-me/5-m.r.s.-13080-j","next":"us-me/5-m.r.s.-13080-l"},"notice":"GroundRules: Original legal text. Not legal advice."}