Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 5 - CERTIFICATE OF APPROVAL PROCESS FOR MIDCOAST REGIONAL REDEVELOPMENT AUTHORITY PROJECTS
Section 457-5-5 - APPROVAL BY THE MEMBERS

The members shall consider the proposed issuance of a Certificate of Approval at a public meeting. In order to issue a Certificate of Approval, the Authority must find that there is a reasonable likelihood that that the income, proceeds, revenues and other funds of the Midcoast Regional Redevelopment Authority derived or held for the activities under 5 MRSA chapter 383, subchapter 3, Article 2-B or otherwise pledged to the payment of the bonds will be sufficient to pay the principal, interest and all other amounts that may at any time become due and payable under the bonds.