Maine Statute | Act | Code |Title 05. Administrative Procedures And Services| US Code - US Statute | Chapter 18. Mining Excise Tax Trust Fund (heading. Pl 1981, C. 711, @2 (new))

USA Statutes : maine
Title : Title 05. ADMINISTRATIVE PROCEDURES AND SERVICES
Chapter : Chapter 18. MINING EXCISE TAX TRUST FUND (HEADING. PL 1981, c. 711, @2 (new))

Title 5 - §451. Statement of purpose (REPEALED)

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§451. Statement of purpose (REPEALED)

Section History:
PL 1981,
Ch. 711,
§2 (NEW).
PL 1991,
Ch. 799,
§1 (RP ).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007 Title 5 - §452. Mining Excise Tax Trust Fund

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§452. Mining Excise Tax Trust Fund

There is created a separate trust fund to be known as the Mining Excise Tax Trust Fund, referred to in this chapter as the "fund," to replace the loss to the State of a nonrenewable natural resource, to protect the State's environment and to protect municipalities from any adverse impact resulting from mining of metallic minerals. [1991, c. 799, §2 (amd).]

1. Nonlapsing fund. The fund may not lapse. [1991, c. 799, §2 (amd).]

2. Investment. The Treasurer of State shall invest the fund in accordance with section 138. [1981, c. 711, §2 (new).]

3. Principal limit. [1991, c. 799, §2 (rp).]

Section History:
PL 1981,
Ch. 711,
§2 (NEW).
PL 1991,
Ch. 799,
§2 (AMD).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007 Title 5 - §453-A. Board of trustees

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§453-A. Board of trustees

The Mining Excise Tax Trust Fund Board of Trustees, as established in section 12004-G, subsection 33-B and referred to in the chapter as the "board," consists of 5 members, at least one of whom must be a resident of the unorganized territory. [1993, c. 680, Pt. A, §8 (amd).]

1. Appointment. The members of the board are appointed by the Governor and are subject to review by the joint standing committee of the Legislature having jurisdiction over taxation matters and to confirmation by the Legislature, except that the Governor may not appoint any members to the board until such time as funds accrue to the Mining Excise Tax Trust Fund. [1999, c. 668, §3 (amd).]

2. Terms. Of the initial members one serves a term of one year, one serves a term of 2 years, one serves a term of 3 years, one serves a term of 4 years and one serves a term of 5 years. Upon the expiration of the initial terms, members are appointed to serve 5-year terms. Members may be reappointed. Members serve until their successors are appointed and qualified. [1991, c. 799, §3 (new); c. 883, §1 (new).]

3. Vacancies. A vacancy is filled for the expiration of the term to which the member has been appointed. [1991, c. 799, §3 (new); c. 883, §1 (new).]

Section History:
PL 1991,
Ch. 799,
§3 (NEW).
PL 1991,
Ch. 883,
§1 (NEW).
PL 1993,
Ch. 349,
§5 (AMD).
PL 1993,
Ch. 680,
§A8 (AMD).
PL 1999,
Ch. 668,
§3 (AMD).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007 Title 5 - §453. Board of trustees (REPEALED)

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§453. Board of trustees (REPEALED)

Section History:
PL 1981,
Ch. 711,
§2 (NEW).
PL 1983,
Ch. 812,
§18 (AMD).
PL 1989,
Ch. 503,
§B14 (AMD).
PL 1991,
Ch. 622,
§S2 (RP ).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007 Title 5 - §454-A. Powers and duties of board

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§454-A. Powers and duties of board

1. Authorize expenditures. The board may authorize any expenditure of the fund. An expenditure of funds or transfer of responsibility may be made only with the concurrence of at least 3 members of the board. [1991, c. 799, §5 (new).]

2. Employ staff as necessary. The board may employ staff necessary to carry out the purposes of this chapter. [1991, c. 799, §5 (new).]

3. Reinvestment of funds. The board may direct the Treasurer of State to reinvest any portion of the income earned by the fund with the principal of the fund. Earned income that is reinvested is not considered principal of the fund under section 455, subsection 1, paragraph B. [1991, c. 799, §5 (new).]

4. Expenditures from excise tax revenues. The board is responsible for expenditures from excise tax revenues in accordance with Title 36, chapter 371. The board shall reimburse municipalities for any lost property taxes pursuant to this chapter and Title 36, chapter 371. [1991, c. 799, §5 (new).]

5. Biennial report and annual plan. Upon appointment of the board members pursuant to section 453-A, subsection 1, the board shall prepare:

A. A biennial report to be submitted to the Governor and the Legislature. The report must include an audited financial statement of the fund and a listing of activities undertaken by the board in the preceding biennium. The report must be submitted 30 days prior to the convening of each first regular session of the Legislature; and [1991, c. 799, §5 (new).]

B. An annual general plan of expenditures and activities of the coming year. The general plan must be submitted to the Legislature for approval 30 days prior to the convening of each regular session. [1991, c. 799, §5 (new).]

[1999, c. 668, §4 (amd).]

Section History:
PL 1991,
Ch. 799,
§5 (NEW).
PL 1999,
Ch. 668,
§4 (AMD).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007 Title 5 - §454. Powers and duties of the board (REPEALED)

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§454. Powers and duties of the board (REPEALED)

Section History:
PL 1981,
Ch. 711,
§2 (NEW).
PL 1991,
Ch. 799,
§4 (RP ).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007 Title 5 - §455. Uses of the trust fund

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 1: STATE DEPARTMENTS
Chapter 18: MINING EXCISE TAX TRUST FUND (HEADING: PL 1981, c. 711, @2 (new))

§455. Uses of the trust fund

1. Funds available. The board may utilize available funds as follows.

A. The board may use income for the purposes of this section. [1981, c. 711, § 2 (new).]

B. The board may use the principal if approved by the Legislature and the Governor. [1981, c. 711, § 2 (new).]

[1981, c. 711, § 2 (new).]

2. Uses. Funds may be used as follows:

A. To purchase and develop land or other real property interests for park and recreational uses; [1981, c. 711, § 2 (new).]

B. To purchase wildlife habitats, marine habitats and unique natural areas; or [1981, c. 711, § 2 (new).]

C. To restore the quality of marine waters, lakes, rivers and streams. [1981, c. 711, § 2 (new).]

[1981, c. 711, § 2 (new).]

Section History:
PL 1981,
Ch. 711,
§2 (NEW).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007

Usa-maine Law Firm / Lawyers Services Provided in Usa-maine :

Usa-maine Divorce Laws, custody, Usa-maine Corporate Lawyers, Agreement, provident fund, Registered marriage, Court marriage Lawyers, Special/ Foreign marriage, Incorporation of company, Rent, eviction, tenancy, Lease Lawyers, Usa-maine Labour laws, Appeals, Supreme Court Lawyers, High Court Lawyers, Bail, medical, negligence, Insurance claims/ accidents Lawyer, Usa-maine Citizenship/ immigration Lawyers, Copyright Laws, Consumer, district Lawyer, State, national, Dowry, Wills & Probate, Trust & Estates Lawyers, Intellectual Property Lawyer, Bankrupt Lawyers, Banking & Finance, Corporate, Private Business Law, Recovery, Joint Venture & Mergers, Consumer, Civil Right Law Usa-maine, Medical Negligence, Medical Malpractice, legal notice, summons, Income Tax Lawyers, sales, Custom Law, Excise Law, octroi, cess Civil, Criminal Solicitor Usa-maine, Registration of property, Title search, mutation relationship, Conveyance, Transfer of Property Law, Usa-maine Property lawyer, deeds, drafts, power of attorney, Recovery, Taxation Laws in Usa-maine

LEGAL SERVICES

Add Lawyer
Legal Enquiry
Find a Lawyer
Bare Acts / India Codes
Statutes / Code

LAWYER BY LOCATION

India Lawyer
United State Lawyer
UAE Lawyer
Canada Lawyer
Find More...

LAW PRACTICE AREA

Business Law
Employment & Labor Law
Govt. Agencis & Taxtion
Family Law
Real Estate Property Law
Immigration Law

ABOUT HELPLINELAW

About Us
Contact Us
Services
Site Map
Recommend to Friends

This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Persons accessing this site are encouraged to seek independent counsel for advice in India abroad regarding their individual legal, civil criminal issues or consult one of the experts online.