Maine Revised Statutes Title 20-A Sec. 7412 – Maine Educational Center for the Deaf and Hard of Hearing and the Governor Baxter School for the Deaf Student Trust Fund established
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1. Fund established. Notwithstanding the provisions of Title 5, section 135?A, the Maine Educational Center for the Deaf and Hard of Hearing and the Governor Baxter School for the Deaf Student Trust Fund, referred to in this section as the “fund,” is established.
[PL 2005, c. 279, §11 (AMD).]
Terms Used In Maine Revised Statutes Title 20-A Sec. 7412
- Center: means the Maine Educational Center for the Deaf and Hard of Hearing and the Governor Baxter School for the Deaf established under section 7401 that is responsible for operating the Mackworth Island preschool, early intervention services and statewide education and family services. See Maine Revised Statutes Title 20-A Sec. 7402
2. Investment of funds. The money in the fund may be invested by the Treasurer of State with the assistance of one or more fiduciaries or registered investment advisors. The duties and expenses of the fiduciaries or registered investment advisors must be handled in a manner consistent with Title 5, section 17108, subsections 2 and 3. All earnings must be credited to the fund.
[RR 1999, c. 2, §21 (COR).]
3. Nonlapsing fund; transfer to General Fund. Until July 1, 2007, any unexpended funds remaining in the fund may not lapse but must be carried forward for the benefit of the fund. On July 1, 2007, any unexpended funds remaining in the fund must be transferred to the General Fund.
[PL 2001, c. 439, Pt. T, §6 (AMD).]
4. Expenditures from the fund.
[PL 2001, c. 439, Pt. T, §7 (RP).]
SECTION HISTORY
RR 1999, c. 2, §21 (COR). PL 1999, c. 731, §PPP1 (NEW). PL 2001, c. 439, §§T6,7 (AMD). PL 2005, c. 279, §11 (AMD).