Maine § 984. - Natural Resources Financing and Marketing Programs
Full text of Maine Maine Revised Statutes § 984. — Natural Resources Financing and Marketing Programs, with citation guidance and answers to common questions.
§ 984.. Natural Resources Financing and Marketing Programs
1. Implementation of programs. The authority shall be responsible for the implementation of the Natural Resources Financing and Marketing Programs.
2. Powers and duties. The authority shall have all the powers and duties necessary to carry out the purposes and provisions of this subchapter, including, but not limited to, the power to:
A. In cooperation with the University of Maine System and other state, local and federal agencies or instrumentalities, conduct studies, including studies concerning land use and availability, financial management and marketing, to analyze the situation and needs of those persons in the State engaged in or wishing to enter natural resource enterprises. The authority may develop plans and recommendations as to its role and the role of the State generally in facilitating the development of natural resource enterprises; [PL 1985, c. 779, §40 (AMD).]
B. [PL 1985, c. 344, §29 (RP).]
C. [PL 1985, c. 344, §29 (RP).]
D. Provide to public and private entities technical assistance and advice related to purposes of this subchapter, including:
(2) Provision of advice to persons engaged or seeking to be engaged in natural resource enterprises as to the nature and source of relevant governmental assistance programs; and
(3) Provision of advice and educational programs as to production, processing, marketing and managing natural resource enterprises; [PL 1983, c. 519, §7 (NEW).]
E. Contract with financing institutions to make natural resource enterprise loans on behalf of the authority. In establishing a financing program pursuant to this paragraph, the authority shall establish guidelines for the operation of and participation in loan programs and shall assure compliance with those guidelines. Loans made under this paragraph shall not exceed $250,000. The authority shall promulgate regulations governing eligibility which take into consideration the established guidelines and the ability of applicants to compete successfully in the private lending market and to pay amounts at which private enterprise is providing natural resource financing. In promulgating such regulations, the authority may establish income or asset limitations for eligibility.
F. Develop mechanisms for guaranteeing repayment of loans or other obligations of indebtedness incurred in connection with natural resource enterprises; [PL 1985, c. 344, §29 (AMD).]
G. [PL 1985, c. 344, §29 (RP).]
H. [PL 1985, c. 344, §29 (RP).]
I. [PL 1985, c. 344, §29 (RP).]
J. Take, in addition to the other powers enumerated in this section, such actions as may be necessary to qualify as an "other financing institution" as that term is defined by the Federal Intermediate Credit Bank, to participate in an agricultural credit corporation or to act in any similar way to achieve the purposes of this subchapter; [PL 1983, c. 519, §7 (NEW).]
K. Serve as a clearinghouse for information relating to financing, management and marketing concerns of natural resource enterprises and gather and disseminate information regarding these activities. The authority shall encourage and coordinate effective use of existing and new services to assist natural resource enterprise development; [PL 1985, c. 344, §29 (AMD).]
L. Receive advice and assistance from, and coordinate its programs with, the Department of Economic and Community Development, the Maine State Housing Authority, the Maine Development Foundation and other state agencies with relevant expertise. In addition, programs authorized in this subchapter may be coordinated or combined with other public and private national, state, regional or local programs that the agency determines will facilitate the purposes of this subchapter; and [PL 2001, c. 417, §9 (AMD).]
M. [PL 1985, c. 344, §29 (RP).]
N. Be designated by the Governor as the public agency of the State to receive federal funds available to the State in relation to financing natural resource enterprises and, once designated, receive and expend these funds. [PL 1985, c. 344, §29 (AMD).]
Frequently Asked Questions About Maine § 984.
What does Maine Revised Statutes § 984. cover?
Section 984. ("Natural Resources Financing and Marketing Programs") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 984.?
A common citation format is "Maine Revised Statutes § 984." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 984. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.