§ 7 §2910-B — Dairy Improvement Fund

The commissioner shall administer the Dairy Improvement Fund established under Title 10, section 1023‑P in accordance with this section and Title 10, section 1023‑P. All money received by the fund from any source, including revenue distributed under Title 8, section 1036, subsection 2‑A, paragraph M, must be deposited with the Finance Authority of Maine and credited to the fund. Money credited to the fund must be used to provide loans to assist dairy farmers in making capital improvements to maintain and enhance the viability of their farms and to pay the administrative costs of processing loan applications and servicing and administering the fund and loans made from the fund. Repayment of these loans and interest on the loans must be credited to the fund to be available for the same purposes.
The commissioner shall adopt rules to implement this section. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.

Legislative History

PL 2011, c. 625, §1 (NEW).