Maine § 21-A §1124 The Maine Clean Election Fund established; sources of funding

Maine Statutes

§ 21-A §1124 — The Maine Clean Election Fund established; sources of funding

Maine·Title 21-A ELECTIONS·Ch. 14 THE MAINE CLEAN ELECTION ACT

1.Established. The Maine Clean Election Fund is established to finance the election campaigns of certified Maine Clean Election Act candidates running for Governor, State Senator and State Representative and to pay administrative and enforcement costs of the commission related to this Act. The fund is a special, dedicated, nonlapsing fund and any interest generated by the fund is credited to the fund. The commission shall administer the fund.

2.Sources of funding. The following must be deposited in the fund:

3.Determination of fund amount.

4.Report on fund amount; operating margin. By January 1st of each year the commission shall provide to the Legislature and the Governor a report of its projection of the revenues and expenditures of the Maine Clean Election Fund for the subsequent 4-

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1.
Established.
The Maine Clean Election Fund is established to finance the election campaigns of certified Maine Clean Election Act candidates running for Governor, State Senator and State Representative and to pay administrative and enforcement costs of the commission related to this Act. The fund is a special, dedicated, nonlapsing fund and any interest generated by the fund is credited to the fund. The commission shall administer the fund.
2.
Sources of funding.
The following must be deposited in the fund:
3.
Determination of fund amount.
4.
Report on fund amount; operating margin.
By January 1st of each year the commission shall provide to the Legislature and the Governor a report of its projection of the revenues and expenditures of the Maine Clean Election Fund for the subsequent 4-year period. The commission shall include in the report an operating margin of 20% to ensure sufficient funds in the event of higher-than-expected participation in the Maine Clean Election Act. If any such report shows that the projected revenue for the subsequent 4-year period exceeds the projected expenses for that 4-year period plus the 20% operating margin, the commission shall notify the Legislature and the Governor and request that the amount of expected funding that exceeds the expected demand on the fund plus the operating margin be transferred to the General Fund. The Department of Administrative and Financial Services, Bureau of Revenue Services shall assist the commission with revenue projections required by this subsection. If at any time the commission determines that projected revenue is not sufficient to cover the projected demand for funds in the 4-year period plus the operating margin, the commission may submit legislation to request additional funding.

Maine § 21-A §1124 (The Maine Clean Election Fund established; sources of funding) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

IB 1995, c. 1, §17 (NEW). PL 1999, c. 4, §H1 (AMD). PL 2001, c. 559, §OO1 (AMD). PL 2001, c. 714, §RR1 (AMD). PL 2003, c. 673, §EE1 (AMD). RR 2007, c. 1, §12 (COR). PL 2007, c. 443, Pt. B, §§4, 5 (AMD). PL 2011, c. 389, §50 (AMD). IB 2015, c. 1, §14 (AMD).