Maine Revised Statutes Title 20-A Sec. 20114 – Financing of the interstate commission – Article 14
Current as of: 2023 | Check for updates
|
Other versions
1. Payment for reasonable expenses. The interstate commission shall pay, or provide for the payment of, the reasonable expenses of its establishment, organization and ongoing activities.
[PL 2009, c. 409, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 20-A Sec. 20114
- Interstate commission: means the Interstate Commission on Educational Opportunity for Military Children established under section 20109. See Maine Revised Statutes Title 20-A Sec. 20102
- Member state: means a state that has enacted the compact. See Maine Revised Statutes Title 20-A Sec. 20102
- Rule: means a written statement by the interstate commission adopted pursuant to section 20112 that is of general applicability; implements, interprets or prescribes a policy or provision of the compact or an organizational, procedural or practice requirement of the interstate commission; has the force and effect of statutory law in a member state; and includes the amendment, repeal or suspension of an existing rule. See Maine Revised Statutes Title 20-A Sec. 20102
- State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, American Samoa, the Northern Marianas Islands and any other United States territory. See Maine Revised Statutes Title 20-A Sec. 20102
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Assessment. The interstate commission may levy on and collect an annual assessment from each member state to cover the cost of the operations and activities of the interstate commission and its staff that must be in a total amount sufficient to cover the interstate commission’s annual budget as approved each year. The aggregate annual assessment amount must be allocated based upon a formula to be determined by the interstate commission, which shall promulgate a rule binding upon all member states.
[PL 2009, c. 409, §1 (NEW).]
3. Incur obligations. The interstate commission may not incur obligations of any kind prior to securing the funds adequate to meet the same and may not pledge the credit of any of the member states, except by and with the authority of the member state.
[PL 2009, c. 409, §1 (NEW).]
4. Accounts. The interstate commission shall keep accurate accounts of all receipts and disbursements. The receipts and disbursements of the interstate commission are subject to the audit and accounting procedures established under its bylaws. All receipts and disbursements of funds handled by the interstate commission must be audited yearly by a certified or licensed public accountant, and the report of the audit must be included in and become part of the annual report of the interstate commission.
[PL 2009, c. 409, §1 (NEW).]
SECTION HISTORY
PL 2009, c. 409, §1 (NEW).