Maine § 37-B §157 Maine Military Authority Enterprise Fund

Maine Statutes

§ 37-B §157 — Maine Military Authority Enterprise Fund

Maine·Title 37-B DEFENSE, VETERANS AND EMERGENCY MANAGEMENT·Ch. 3 MILITARY BUREAU

1.Maine Military Authority Enterprise Fund; established. The Maine Military Authority Enterprise Fund is established to fund activities of the Maine Military Authority, established in section 391, including, but not limited to, the following:

2.Maine Military Authority Enterprise Fund account. The Military Bureau shall establish, through the Department of Administrative and Financial Services, Bureau of Accounts and Control, the Maine Military Authority Enterprise Fund account. The funds deposited in the account include, but are not limited to, the following:

3.Receive revenue; expend proceeds. The Adjutant General may receive operating revenues of the Maine Military Authority and expend those proceeds in accordance with section 399.

4.Fund flexibility and adjustments. Notwithstanding

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1.
Maine Military Authority Enterprise Fund; established.
The Maine Military Authority Enterprise Fund is established to fund activities of the Maine Military Authority, established in section 391, including, but not limited to, the following:
2.
Maine Military Authority Enterprise Fund account.
The Military Bureau shall establish, through the Department of Administrative and Financial Services, Bureau of Accounts and Control, the Maine Military Authority Enterprise Fund account. The funds deposited in the account include, but are not limited to, the following:
3.
Receive revenue; expend proceeds.
The Adjutant General may receive operating revenues of the Maine Military Authority and expend those proceeds in accordance with section 399.
4.
Fund flexibility and adjustments.
Notwithstanding the provisions of Title 5, section 1585, in order to provide sufficient flexibility to adjust to market forces, adjustments to the Maine Military Authority Enterprise Fund may be made through financial orders recommended to the Governor by the State Budget Officer.
5.
No obligation of state funds.
If revenues or other sources of operating funds are not sufficient or available as anticipated for the Maine Military Authority Enterprise Fund, there is no obligation to provide state funds.
6.
Quarterly reports.
The Maine Military Authority shall provide quarterly financial statements regarding the Maine Military Authority Enterprise Fund in a format prescribed by the State Controller to the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs and the joint standing committee of the Legislature having jurisdiction over the Maine Military Authority.