The Maine Municipal Bond Bank is a Local Government Funding Agency created in 1973 to issue bonds, enabling it to lend to counties, municipalities, school districts, utility districts and other government organizations within the state of Maine.
[1] The sale of tax-exempt bonds with the Bank's high credit rating allows these capital project loans to be issued at lower interest rates than would otherwise be available.
[2] It was established by the Maine Municipal Bond Bank Act.
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