Limitations on investments

  1. Law
  2. Maine Revised Statutes
  3. MUNICIPALITIES AND COUNTIES
  4. MUNICIPALITIES
  5. FISCAL MATTERS
  6. MUNICIPAL FINANCES
  7. MUNICIPAL INVESTMENTS
  8. INVESTMENTS IN SECURITIES
  9. Limitations on investments

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§5719. Limitations on investments

A municipality's authority to invest municipal funds is limited to investments permitted under this subchapter and a municipality has no authority under home rule authority or otherwise to make any investments other than those permitted under this subchapter.   [PL 1995, c. 206, §2 (NEW).]

SECTION HISTORY

PL 1995, c. 206, §2 (NEW).


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