Maine Revised Statutes Title 5 Sec. 13063-K – Maine Microenterprise Initiative Fund
Current as of: 2023 | Check for updates
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1. Fund established. The Maine Microenterprise Initiative Fund is established as a nonlapsing fund administered by the department. The fund consists of money appropriated to it by the Legislature from the General Fund and eligible investment earnings from fund assets. The fund must be held separate from all other money, funds and accounts, and all eligible investment earnings from fund assets must be credited to the fund.
[PL 2001, c. 471, Pt. A, §7 (NEW).]
Terms Used In Maine Revised Statutes Title 5 Sec. 13063-K
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Department: means the Department of Economic and Community Development. See Maine Revised Statutes Title 5 Sec. 13054
- Fund: means the Maine Microenterprise Initiative Fund established in section 13063?K. See Maine Revised Statutes Title 5 Sec. 13063-J
- Microenterprise: means a business located in the State that produces goods or provides services and has fewer than 10 full-time equivalent employees. See Maine Revised Statutes Title 5 Sec. 13063-J
2. Fund purposes. The department shall administer the fund to provide grants to community-based organizations to aid them in providing technical assistance and training to microenterprises.
[PL 2001, c. 471, Pt. A, §7 (NEW).]
SECTION HISTORY
PL 2001, c. 471, §A7 (NEW).