Maine Revised Statutes Title 10 Sec. 9204 – Fund established
Current as of: 2023 | Check for updates
|
Other versions
1. Establishment of fund. There is established the Northern Maine Transmission Corporation Fund, which must be used to provide funding for activities of the corporation to further its purpose under this chapter. The fund must be deposited with and maintained and administered by the authority and must contain appropriations provided for that purpose, interest accrued on the fund balance, funds received by the corporation to be applied to the fund and funds received in payment of loans. The fund is a nonlapsing revolving fund.
[PL 1999, c. 513, §6 (NEW).]
Terms Used In Maine Revised Statutes Title 10 Sec. 9204
- Authority: means the Finance Authority of Maine. See Maine Revised Statutes Title 10 Sec. 9201
- Corporation: means the Northern Maine Transmission Corporation established in section 9202, subsection 1. See Maine Revised Statutes Title 10 Sec. 9201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fund: means the Northern Maine Transmission Corporation Fund established in section 9204. See Maine Revised Statutes Title 10 Sec. 9201
2. Administrative expenses. Costs and expenses of maintaining, servicing and administering the fund and of performing any powers or duties under this chapter may be paid out of amounts in the fund.
[PL 2003, c. 506, §10 (AMD).]
SECTION HISTORY
PL 1999, c. 513, §6 (NEW). PL 2003, c. 506, §10 (AMD).