Maine § 30-A §2255 Contract establishing public self-funded pool; provisions

Maine Statutes

§ 30-A §2255 — Contract establishing public self-funded pool; provisions

Maine § 30-A §2255

Title 30-AMUNICIPALITIES AND COUNTIES

Part 2MUNICIPALITIES

Ch. 117PUBLIC SELF-FUNDED POOLS

This text of Maine § 30-A §2255 (Contract establishing public self-funded pool; provisions) 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. 30-A, § 30-A §2255 (2026).

Text

Any contract entered into under this chapter must provide:

1.Financial plan. A financial plan setting forth in general terms:

2.Management plan. A plan of management which provides for all of the following:

3.Assessments. A provision that, if the assets of a public self-funded pool are at any time actuarily determined to be insufficient to enable the pool to discharge its legal liabilities and other obligations and to maintain actuarily sound reserves, it shall, within 30 days of that determination, make up the deficiency or levy a prorated assessment upon its members for the amount needed to make up the deficiency.

Free access — add to your briefcase to read the full text and ask questions with AI

Any contract entered into under this chapter must provide:
1.
Financial plan.
A financial plan setting forth in general terms:
2.
Management plan.
A plan of management which provides for all of the following:
3.
Assessments.
A provision that, if the assets of a public self-funded pool are at any time actuarily determined to be insufficient to enable the pool to discharge its legal liabilities and other obligations and to maintain actuarily sound reserves, it shall, within 30 days of that determination, make up the deficiency or levy a prorated assessment upon its members for the amount needed to make up the deficiency.