Maine § 5 §6203-D Land for Maine's Future Trust Fund

Maine Statutes

§ 5 §6203-D — Land for Maine's Future Trust Fund

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 15-A LAND FOR MAINE'S FUTURE

1.Fund established. There is established the Land for Maine's Future Trust Fund that is administered by the board. The Land for Maine's Future Trust Fund consists of the proceeds from the sale of any bonds authorized for the purposes set forth in subsection 2, eligible investment earnings of funds established under this chapter and any funds received as contributions from private and public sources for the purposes set forth in subsection 2. The Land for Maine's Future Trust Fund must be held separate and apart from all other money, funds and accounts and eligible investment earnings credited to the assets of the Land for Maine's Future Trust Fund become part of the assets of that fund. Any balance remaining in the Land for Maine's Future Trust Fund at the end of any fiscal year must be c

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Fund established.
There is established the Land for Maine's Future Trust Fund that is administered by the board. The Land for Maine's Future Trust Fund consists of the proceeds from the sale of any bonds authorized for the purposes set forth in subsection 2, eligible investment earnings of funds established under this chapter and any funds received as contributions from private and public sources for the purposes set forth in subsection 2. The Land for Maine's Future Trust Fund must be held separate and apart from all other money, funds and accounts and eligible investment earnings credited to the assets of the Land for Maine's Future Trust Fund become part of the assets of that fund. Any balance remaining in the Land for Maine's Future Trust Fund at the end of any fiscal year must be carried forward for the next fiscal year.
2.
Fund proceeds.
The proceeds of the Land for Maine's Future Trust Fund may be applied and expended to:

Maine § 5 §6203-D (Land for Maine's Future Trust Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.