Maine § 7 §86 Stipend Fund

Maine Statutes

§ 7 §86 — Stipend Fund

Maine·Title 7 AGRICULTURE AND ANIMALS·Part 1 ADMINISTRATION·Ch. 4 AGRICULTURAL FAIRS AND PULLING EVENTS

1.Annual distribution. The commissioner shall annually distribute all money contributed to the Stipend Fund under Title 8, sections 286 and 287 to qualified licensees in accordance with this section.

2.Distribution of funds to fair licensees that conduct pari-mutuel racing. Forty-four percent of the amounts contributed to the Stipend Fund under Title 8, sections 286 and 287 must be divided into equal amounts for reimbursement to each licensee that:

3.Distribution of funds to fair licensees who do not conduct pari-mutuel racing. Eight percent of the amount contributed to the Stipend Fund under Title 8, sections 286 and 287 for a calendar year must be divided into amounts in proportion to the sums expended for premiums by the licensee in that year for reimbursement to each licensee that:

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1.
Annual distribution.
The commissioner shall annually distribute all money contributed to the Stipend Fund under Title 8, sections 286 and 287 to qualified licensees in accordance with this section.
2.
Distribution of funds to fair licensees that conduct pari-mutuel racing.
Forty-four percent of the amounts contributed to the Stipend Fund under Title 8, sections 286 and 287 must be divided into equal amounts for reimbursement to each licensee that:
3.
Distribution of funds to fair licensees who do not conduct pari-mutuel racing.
Eight percent of the amount contributed to the Stipend Fund under Title 8, sections 286 and 287 for a calendar year must be divided into amounts in proportion to the sums expended for premiums by the licensee in that year for reimbursement to each licensee that:
4.
Expenditures for administration and inspection services.
The commissioner may expend annually up to 13% of the Stipend Fund for administrative and inspection services provided under this chapter.
5.
Distribution to all eligible licensees.
The amount remaining in the Stipend Fund after distributions in accordance with subsections 2, 3 and 4 must be divided among fair licensees meeting the eligibility criteria in subsection 6, prorated according to the amount of premiums actually paid by those licensees in full and in cash or valuable equivalent.
6.
Eligibility for stipend.
A licensee is not entitled to a stipend under this chapter unless:
7.
Minimum premiums required.
To be eligible to receive a stipend, a licensee must:
8.
Maximum allowed distribution from Stipend Fund.
A licensee may not receive a stipend from the Stipend Fund greater than the amount actually raised and spent by the licensee on premiums in the classes provided in subsection 5. A licensee may not receive a stipend from the Stipend Fund in excess of $10,000, except that this limitation does not apply to any additional stipend provided for by Title 8, section 287 or to funds distributed from the Fair Fund in accordance with section 85, the Agricultural Fair Support Fund in accordance with section 91 or the Agricultural Fair Promotion Fund in accordance with section 103.