United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 22, § 2065: Trust funds, 1971

Money received under this chapter is a trust fund and must be used only as this chapter allows.

bond proceedsrevenue handlingtrust administration

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01

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“Money received under this chapter is a trust fund and must be used only as this chapter allows.”

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    Enacted 1971 · 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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Trust funds

Money received under this chapter is a trust fund and must be used only as this chapter allows.

Section 2065

04

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Source record from legislature.maine.gov · Enacted 1971 · Source version 1 Oct 2025

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Showing 1 of 1 provisions

Provision
§ 2065Trust fundsProvision

Money received under this chapter is a trust fund and must be used only as this chapter allows.

All moneys received pursuant to the authority of this chapter whether as proceeds from the sale of bonds or notes or as revenues, are trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes of this chapter, subject to such regulations as this chapter and the resolution authorizing the bonds or notes of any issue or the trust agreement securing such bonds or notes provide. [PL 1971, c. 303, §1 (NEW).]
Section 2065Verify source

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  • 1 Oct 2025 · currentEnglish

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