Maine Revised Statutes Title 12 Sec. 6037 – Marine Fisheries Stock Enhancement Fund
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1. Fund established. The Marine Fisheries Stock Enhancement Fund, referred to in this section as “the fund,” is established as a nonlapsing fund within the department to improve the marine economy in this State. Unexpended balances in the fund at the end of the fiscal year do not lapse and must be carried forward to the next fiscal year and used for the purposes of this section.
[PL 2007, c. 240, Pt. VVVV, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 12 Sec. 6037
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Uses of fund. Money in the fund must be administered by the department for commercial marine stock enhancement to improve the marine economy in this State through applied research, development, production of harvested marine species, infrastructure, monitoring and assessment. Money in the fund may be used as federal matching funds.
[PL 2007, c. 240, Pt. VVVV, §1 (NEW).]
3. Department may accept contributions to fund. The department may accept money from any public or private source to augment state contributions to the fund.
[PL 2007, c. 240, Pt. VVVV, §1 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. VVVV, §1 (NEW).