1. Fund established. The Maine Agriculture, Food and Forest Products Investment Fund, referred to in this chapter as “the fund,” is established and administered by the department to support public-private partnerships to carry out the purposes of this chapter. The fund consists of money appropriated to the fund or received from any other private or public source. Interest in investment of money of the fund is credited to the fund. Unexpended balances at the end of the fiscal year do not lapse but carry over into the next fiscal year. The Maine Agriculture, Food System and Forest Products Infrastructure Investment Advisory Board established in section 320?C shall oversee and determine expenditures from the fund.

[PL 2021, c. 483, Pt. KK, §2 (NEW).]

SECTION HISTORY

PL 2021, c. 483, Pt. KK, §2 (NEW).

Terms Used In Maine Revised Statutes Title 7 Sec. 320-B

  • 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.
  • Food system: means all processes, infrastructure and persons involved in feeding a population, including growing, harvesting, collecting, processing, manufacturing, packaging, transporting, marketing, selling, consuming and disposing of food and food-related items in the State. See Maine Revised Statutes Title 7 Sec. 320-A
  • Infrastructure: means property, equipment, networks and supporting services associated with the production, harvesting, processing, manufacturing, storage, packaging, transporting, marketing, sales and disposal of food. See Maine Revised Statutes Title 7 Sec. 320-A
  • Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
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