Maine § 37-B §745 Disaster Recovery Fund

Maine Statutes

§ 37-B §745 — Disaster Recovery Fund

Maine·Title 37-B DEFENSE, VETERANS AND EMERGENCY MANAGEMENT·Ch. 13 MAINE EMERGENCY MANAGEMENT AGENCY

1.Fund established. There is established the Disaster Recovery Fund, referred to in this section as "the fund," to be administered by the agency.

2.Sources of fund. The following must be paid into the fund:

3.Use of fund. The fund must be the first resource used when section 742 or 744 is invoked. The fund may be used for any of the following at the discretion of the Governor or Governor's designee:

4.Fund balance. The fund's balance may not exceed $15,000,000, except by order of the Governor. In the absence of such an order, any amount, including interest, that accrues in excess of $15,000,000 must be transferred by the State Controller to the Maine Budget Stabilization Fund, established in Title 5, section 1532.

5.Annual report. The director shall submit a written report by January

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1.
Fund established.
There is established the Disaster Recovery Fund, referred to in this section as "the fund," to be administered by the agency.
2.
Sources of fund.
The following must be paid into the fund:
3.
Use of fund.
The fund must be the first resource used when section 742 or 744 is invoked. The fund may be used for any of the following at the discretion of the Governor or Governor's designee:
4.
Fund balance.
The fund's balance may not exceed $15,000,000, except by order of the Governor. In the absence of such an order, any amount, including interest, that accrues in excess of $15,000,000 must be transferred by the State Controller to the Maine Budget Stabilization Fund, established in Title 5, section 1532.
5.
Annual report.
The director shall submit a written report by January 15, 2007 and annually thereafter to the Governor and the Legislature on the fund's balance and expenditures.
6.
Rules.
The agency shall adopt rules governing the process for the expenditure of funds from the fund. Rules adopted pursuant to this subsection are major substantive rules as defined in Title 5, chapter 375, subchapter 2‑A.

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Legislative History

PL 2005, c. 439, §1 (NEW). PL 2005, c. 634, §13 (AMD). PL 2007, c. 462, §5 (AMD). PL 2009, c. 252, §§2-4 (AMD). PL 2013, c. 146, §13 (AMD). PL 2023, c. 643, Pt. Q, §1 (AMD).