Maine § 5 §13090-A Economic Opportunity Fund

Maine Statutes

§ 5 §13090-A — Economic Opportunity Fund

Maine § 5 §13090-A

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 18-AECONOMIC AND COMMUNITY DEVELOPMENT

This text of Maine § 5 §13090-A (Economic Opportunity Fund) 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. 5, § 5 §13090-A (2026).

Text

1.Creation. The Economic Opportunity Fund, referred to in this section as the "fund," is created under the jurisdiction and control of the department.

2.Sources of money. The fund consists of the following:

3.Application of fund. Money in the fund may be applied to carry out any power of the department under or in connection with section 13090‑B or to pay obligations incurred in connection with the fund. Money in the fund not needed to meet the obligations of the department as provided in this section may accrue interest and be invested in a manner permitted by law.

4.Allocations from fund. The department may request allocations from the fund as it determines necessary or convenient to carry out this article, including, but not limited to, allocations for grants or loans.

5.Revolving

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1.
Creation.
The Economic Opportunity Fund, referred to in this section as the "fund," is created under the jurisdiction and control of the department.
2.
Sources of money.
The fund consists of the following:
3.
Application of fund.
Money in the fund may be applied to carry out any power of the department under or in connection with section 13090‑B or to pay obligations incurred in connection with the fund. Money in the fund not needed to meet the obligations of the department as provided in this section may accrue interest and be invested in a manner permitted by law.
4.
Allocations from fund.
The department may request allocations from the fund as it determines necessary or convenient to carry out this article, including, but not limited to, allocations for grants or loans.
5.
Revolving fund.
The fund is a nonlapsing, revolving fund. The department shall apply continuously all money in the fund to carry out this article.