Maine Statutes
§ 30-A §5802 — Trustees
The municipal officers are trustees of the municipal reserve fund.
1.Fund deposited or invested.
They shall deposit or invest the fund according to subchapter III‑A.
2.Purpose of expenditure.
An expenditure from any account of the fund may be made only for the specific purpose for which the account was established.
3.Transfer of balance.
The balance of any account of a reserve fund may be transferred to another reserve account or to surplus when the purpose for which it was established has been accomplished or abandoned.
4.Use of fund for purpose not provided for.
Notwithstanding Title 17‑A, section 4‑A, any municipal official who uses the assets of any account of the reserve fund in any manner or for any purpose other than that provided by the municipality is guilty of a Class C crime
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Legislative History
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Nearby Sections
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§ 30 §1001
County law enforcement administration§ 30 §1002
Aid required by officer; refusal§ 30 §1003
Officer to pay money collected§ 30 §1004
Arrest in other counties§ 30 §101
Board membership; chairman§ 30 §101-A
Municipal school budget§ 30 §102
Vacancies; expiration of term§ 30 §103
Other times§ 30 §105
Mode of election