Maine Statutes
§ 26 §1165 — Federal Advance Interest Fund
The Federal Advance Interest Fund shall be a special nonlapsing fund in the State Treasury. All receipts, including interest, fines and penalties collected from the special assessment as defined in section 1241, shall be paid into this fund. Income from investment of this fund shall be deposited to the credit of the fund. All money in the fund shall be deposited, administered and disbursed in the same manner and under the same conditions and requirements as are provided by law for other special funds in the State Treasury.
The money in this fund shall be used exclusively for the purpose of paying interest incurred on advances received from the Federal Unemployment Trust Fund. If, as of December 31st of any year, no interest is payable and no balance of interest-bearing advances exists in t
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Maine § 26 §1165 (Federal Advance Interest Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1983, c. 738, §1 (NEW).
Nearby Sections
15
§ 26 §111
Registration§ 26 §1111
Use of fund§ 26 §1112
Reimbursement of fund§ 26 §112
Articles to be tagged§ 26 §113
Sterilization§ 26 §114
Permits§ 26 §1141
Contents of fund§ 26 §1161
Accounts and deposit§ 26 §1162
Withdrawals§ 26 §1164
Special Administrative Expense Fund§ 26 §1165
Federal Advance Interest Fund§ 26 §1166
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