Maine Const. art. IX, § 18

Maine Constitution

Article IX, § 18 — Limitation on use of funds of Maine State Retirement System

This text of Maine Const. art. IX, § 18 (Limitation on use of funds of Maine State Retirement System) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionMaine DocumentConstitution

ArticleIX

Section§ 18

CitationMaine Const. art. IX, § 18

Bluebook

Me. Const. art. IX, § 18.

Full Text

All of the assets, and proceeds or income therefrom, of the Maine State Retirement System or any successor system and all contributions and payments made to the system to provide for retirement and related benefits shall be held, invested or disbursed as in trust for the exclusive purpose of providing for such benefits and shall not be encumbered for, or diverted to, other purposes. Funds appropriated by the Legislature for the Maine State Retirement System are assets of the system and may not be diverted or deappropriated by any subsequent action.

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All of the assets, and proceeds or income therefrom, of the Maine State Retirement System or any successor system and all contributions and payments made to the system to provide for retirement and related benefits shall be held, invested or disbursed as in trust for the exclusive purpose of providing for such benefits and shall not be encumbered for, or diverted to, other purposes. Funds appropriated by the Legislature for the Maine State Retirement System are assets of the system and may not be diverted or deappropriated by any subsequent action.

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Bluebook (online)

Maine Const. art. IX, § 18, Counsel Stack Legal Research, https://law.counselstack.com/constitution/me/IX/18.