United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 22, § 3885: Funds, 1993

The board may accept and manage fund money, establish grant application procedures, disburse grants to eligible recipients after approval, and must cap administrative spending and reserve portions of revenue for the…

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Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 1993
Dates: Enacted 1993 · Source version 1 Oct 2025

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Dates: Enacted 1993 · Source version 1 Oct 2025

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“The board may accept and manage fund money, establish grant application procedures, disburse grants to eligible recipients after approval, and must cap administrative spending and reserve portions of revenue for the endowment fund.”

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Enacted 1993 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Funds

Section 3885

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Source record from legislature.maine.gov · Enacted 1993 · Source version 1 Oct 2025

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§ 3885FundsProvision

Source excerpt

1. Control. The board may accept funds from a public or private source. Revenue to the fund must be managed, deposited, invested and disbursed by the board in a manner that is independent of control by the Department of Administrative and Financial Services. [PL 1993, c. 600, Pt. A, §16 (NEW).] 2. Grants disbursement. The board shall establish a procedure and form for applications for grants of fund resources under this chapter. Upon board approval of an application, the board may disburse money from the fund to eligible recipients for the development, operation or awareness of prevention programs and prevention policies under this chapter. [PL 1993, c. 600, Pt. A, §16 (NEW).] 3. Administrative expenses. Income must be allocated for the support of administrative expenses as follows. A. The board may expend, for administrative expenses, no more than 45% in calendar year 1994, 40% in calendar year 1995, 35% in calendar year 1996, 30% in calendar year 1997 and 25% in calendar year 1998 of annual revenues from the state income tax checkoff contributed by individuals. After 1998, the board may expend, for administrative expenses, no more than 20% of annual revenues from the state income tax checkoff contributed by individuals. [PL 1993, c. 600, Pt. A, §16 (NEW).] B. [PL 1997, c. 149, §3 (RP).] [PL 1997, c. 149, §3 (AMD).] 4. Discretion. The board has sole discretion in the use of resources from sources other than the income tax checkoff by individuals. [PL 1997, c. 149, §4 (AMD).] 5. Endowment fund. An endowment fund is established pursuant to this subsection. A minimum of 10% of tax checkoff revenue received each year from individuals must be set aside for allocation to the segregated endowment fund. Up to 90% of the checkoff revenue and other income received by the endowment fund may be expended annually by the board in accordance with this chapter. [PL 1993, c. 600, Pt. A, §16 (NEW).] 6. Income greater than $200,000. At least 1/3 of the total annual revenue that exceeds $200,000 must be allocated to the endowment fund established under subsection 5. [PL 1993, c. 600, Pt. A, §16 (NEW).]

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1 Oct 2025 · currentEnglish

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