Maine § 12 §1863-A Renewable Ocean Energy Trust

Maine Statutes

§ 12 §1863-A — Renewable Ocean Energy Trust

Maine § 12 §1863-A

Title 12CONSERVATION

Part 2FORESTS, PARKS, LAKES AND RIVERS

Ch. 220BUREAU OF PARKS AND PUBLIC LANDS

This text of Maine § 12 §1863-A (Renewable Ocean Energy Trust) 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.

Bluebook

Me. Rev. Stat. tit. 12, § 12 §1863-A (2026).

Text

1.Trust established. The Renewable Ocean Energy Trust, referred to in this section as "the trust," is established as a nonlapsing, dedicated fund to be used to protect and enhance the integrity of public trust-related resources and related human uses of the State's submerged lands.

2.Administration. The Treasurer of State shall administer the trust as provided in this section.

3.Sources of funds. The following funds must be transferred on receipt to the Treasurer of State for deposit in the trust:

4.Disbursement of funds; required uses. The Treasurer of State shall annually disburse the funds in the trust for credit to the Ocean Energy Fund established within the Department of Marine Resources, in consultation with the Marine Resources Advisory Council established under section 6024, f

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1.
Trust established.
The Renewable Ocean Energy Trust, referred to in this section as "the trust," is established as a nonlapsing, dedicated fund to be used to protect and enhance the integrity of public trust-related resources and related human uses of the State's submerged lands.
2.
Administration.
The Treasurer of State shall administer the trust as provided in this section.
3.
Sources of funds.
The following funds must be transferred on receipt to the Treasurer of State for deposit in the trust:
4.
Disbursement of funds; required uses.
The Treasurer of State shall annually disburse the funds in the trust for credit to the Ocean Energy Fund established within the Department of Marine Resources, in consultation with the Marine Resources Advisory Council established under section 6024, for use as follows:

Legislative History

PL 2009, c. 615, Pt. B, §3 (NEW). PL 2011, c. 655, Pt. KK, §12 (AMD). PL 2011, c. 655, Pt. KK, §34 (AFF).

Nearby Sections

2

§ 12 §1863

Shore and Harbor Management Fund

§ 12 §1863-A

Renewable Ocean Energy Trust

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Bluebook (online)

Maine § 12 §1863-A, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/12%20%C2%A71863-A.