Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 202 - REVENUE OBLIGATION SECURITIES PROGRAM
Section 457-202-15 - Implementation

Universal Citation: 94 ME Code Rules ยง 457-202-15
Current through 2024-38, September 18, 2024

The members delegate to the chief executive officer the authority to take any action, in the name and on behalf of the Authority, necessary or convenient to carry out this program and any financing pursuant to this Rule and the Act. Such actions include making any determination required by this Rule and the Act and signing any certificate of approval, inducement certificate or agreement, endorsement of note, assignment of mortgage, security agreement, loan agreement, trust indenture and other document or certificates necessary or convenient for carrying out this program and any financing. The chief executive officer shall also be authorized to enter into any transactions or agreements in the form of rate swaps, rate exchanges, and other transactions or agreements that the chief executive officer determines appropriate to reduce the risk of price changes with interest rate fluctuations. The chief executive officer may not delegate the responsibility of signing any certificate of approval or inducement certificate or agreement to any other person. For the purposes of this Rule, the chief executive officer shall be defined as the chief executive officer of the Authority, or any person acting under the supervisory control of the chief executive officer.

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