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. 1. Finance Authority of Maine Legislative Per Diem 10 MRSA §964

   [PL 1987, c. 786, §5 (NEW).]

2. 2. Maine Municipal Bond Bank, Board of Commissioners Legislative Per Diem 30‑A MRSA §5951

   [PL 1989, c. 503, Pt. A, §9 (AMD).]

3. 3. Maine State Housing Authority Legislative Per Diem 30‑A MRSA §4722

   [PL 1989, c. 503, Pt. A, §9 (AMD).]

4. 4. Maine Turnpike Authority, Board of Directors Legislative Per Diem 23 MRSA §1964‑A

   [PL 2011, c. 302, §1 (AMD).]

5. 5. Maine Public Utility Financing Bank, Board of Commissioners

   [PL 2023, c. 608, §1 (RP).]

6. 6. Maine Health and Higher Educational Facilities Authority Legislative Per Diem 22 MRSA §2054

   [PL 1987, c. 786, §5 (NEW).]

7. 7. Maine School Building Authority

   [PL 1993, c. 494, §1 (RP).]

8. 8. Maine Port Authority $100/Meeting Plus Expenses 23 MRSA §4420

   [PL 2007, c. 134, §2 (AMD).]

9. 9. Board of Trustees, Maine Public Employees Retirement System Legislative Per Diem 5 MRSA §17102

   [PL 1987, c. 786, §5 (NEW); PL 2007, c. 58, §3 (REV).]

10. 10. State Employee Health Commission Expenses Only 5 MRSA §285‑A

    [PL 1989, c. 503, Pt. A, §10 (RPR).]

11. 11. Maine Governmental Facilities Authority Expenses Only 4 MRSA §1602

    [PL 1999, c. 790, Pt. A, §2 (AMD).]

12. 12. Board of Directors, Student Educational Enhancement Deposit Plan

    [PL 1991, c. 622, Pt. S, §6 (RP).]

13. 13. Maine Low-level Radioactive Waste Authority

    [PL 1993, c. 664, §1 (RP).]

14. 14. Board of Trustees, Sludge and Residuals Utilization Research Foundation

    [PL 1999, c. 668, §20 (RP).]

15. 15. Maine Educational Loan Authority

    [PL 2015, c. 170, §3 (RP); PL 2015, c. 170, §30 (AFF).]

16. 16. Northern New England Passenger Rail Authority Legislative Per Diem 23 MRSA §8111

    [PL 1995, c. 374, §1 (NEW).]

17. 17. Small Enterprise Growth Board Expenses Only 10 MRSA §471

    [PL 1995, c. 699, §1 (NEW).]

18. 18. Maine Rural Development Authority Expenses Only 5 MRSA §13120‑A

    [PL 2001, c. 703, §1 (NEW).]

PL 1987, c. 786, §5 (NEW). PL 1989, c. 503, §§A9-11 (AMD). PL 1991, c. 622, §S6 (AMD). PL 1993, c. 494, §1 (AMD). PL 1993, c. 664, §1 (AMD). PL 1995, c. 374, §1 (AMD). PL 1995, c. 699, §1 (AMD). PL 1999, c. 668, §20 (AMD). PL 1999, c. 790, §A2 (AMD). PL 2001, c. 703, §1 (AMD). PL 2007, c. 58, §3 (REV). PL 2007, c. 134, §2 (AMD). PL 2011, c. 302, §1 (AMD). PL 2015, c. 170, §3 (AMD). PL 2015, c. 170, §30 (AFF). PL 2023, c. 608, §1 (AMD).