Maine § 5 §452 Mining Excise Tax Trust Fund

Maine Statutes

§ 5 §452 — Mining Excise Tax Trust Fund

Maine § 5 §452

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 1STATE DEPARTMENTS

Ch. 18MINING EXCISE TAX TRUST FUND

This text of Maine § 5 §452 (Mining Excise Tax Trust 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 §452 (2026).

Text

There is created a separate trust fund to be known as the Mining Excise Tax Trust Fund, referred to in this chapter as the "fund," to replace the loss to the State of a nonrenewable natural resource, to protect the State's environment and to protect municipalities from any adverse impact resulting from mining of metallic minerals.

1.Nonlapsing fund. The fund may not lapse.

2.Investment. The Treasurer of State shall invest the fund in accordance with section 138.

3.Principal limit.

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There is created a separate trust fund to be known as the Mining Excise Tax Trust Fund, referred to in this chapter as the "fund," to replace the loss to the State of a nonrenewable natural resource, to protect the State's environment and to protect municipalities from any adverse impact resulting from mining of metallic minerals.
1.
Nonlapsing fund.
The fund may not lapse.
2.
Investment.
The Treasurer of State shall invest the fund in accordance with section 138.
3.
Principal limit.