Maine Statutes
§ 5 §885 — Selection of firms
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 2 CIVIL SERVICE·Ch. 67 TAX-DEFERRED ARRANGEMENT
The advisory council shall select up to 7 firms for participation by state employees as the result of investigation and competitive bidding, as outlined in chapter 155. The advisory council may, at any time after the evaluation and study of new programs, replace any previously selected firm with another firm through the process of competitive bidding. Participants in the plan retain the right to continue to invest with a previously selected firm with which they have already established an account in the State of Maine plan. Any firm selected by the advisory council in accordance with this section must be a registered investment advisor under the federal Investment Company Act of 1940 or a bank or insurance company authorized to receive or manage contributions as part of a tax-deferred arra
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Legislative History
PL 1973, c. 491 (NEW). PL 1997, c. 204, §6 (AMD).
Nearby Sections
15
§ 5 §8
Mileage allowance§ 5 §8-A
Declaration of purpose§ 5 §8-B
Housing§ 5 §8-C
Food and food supplies§ 5 §8-D
Income§ 5 §8-E
Domestic service§ 5 §8-F
Rules and regulations; review§ 5 §8-G
Exemption§ 5 §8-H
Civil violation§ 5 §8-I
Fees and receipts§ 5 §8001
Short title§ 5 §8002
Definitions§ 5 §8003
Inconsistent provisions§ 5 §8004
Matters pending not affected