Maine § 28-A §85 Inventory and working capital

Maine Statutes

§ 28-A §85 — Inventory and working capital

Maine·Title 28-A LIQUORS·Part 1 GENERAL PROVISIONS·Ch. 3-A ADMINISTRATION AND ORGANIZATION

1.Net profits are general revenue.

2.Inventory. The bureau may keep and have on hand a stock of spirits for sale, the value of which when priced for resale must be computed on the delivered case cost F.O.B. liquor warehouse designated by the commission filed by spirits suppliers. The inventory value must be based upon actual cost for which payment may be due. Spirits may not be considered to be in the inventory until payment has been made for them.

3.Authorized working capital.

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1.
Net profits are general revenue.
2.
Inventory.
The bureau may keep and have on hand a stock of spirits for sale, the value of which when priced for resale must be computed on the delivered case cost F.O.B. liquor warehouse designated by the commission filed by spirits suppliers. The inventory value must be based upon actual cost for which payment may be due. Spirits may not be considered to be in the inventory until payment has been made for them.
3.
Authorized working capital.

Maine § 28-A §85 (Inventory and working capital) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1997, c. 373, §28 (NEW). PL 2013, c. 269, Pt. C, §5 (AMD). PL 2013, c. 269, Pt. C, §13 (AFF). PL 2013, c. 368, Pt. V, §22 (AMD). PL 2013, c. 476, Pt. A, §11 (AMD). PL 2021, c. 658, §60 (AMD).