United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 32, § 18514: Finance powers, 2017

The interstate commission may levy and collect annual assessments from member states, but it must set them to cover approved annual budget needs and may not incur obligations or pledge another member state’s credit…

assessmentsbudgetingcredit restrictionsfinancial audits

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01

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“The interstate commission may levy and collect annual assessments from member states, but it must set them to cover approved annual budget needs and may not incur obligations or pledge another member state’s credit without authority.”

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    Enacted 2017 · 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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Finance powers

The interstate commission may levy and collect annual assessments from member states, but it must set them to cover approved annual budget needs and may not incur obligations or pledge another member state’s credit without authority.

Section 18514

04

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Source record from legislature.maine.gov · Enacted 2017 · Source version 1 Oct 2025

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§ 18514Finance powersProvision

The interstate commission may levy and collect annual assessments from member states, but it must set them to cover approved annual budget needs and may not incur obligations or pledge another member state’s credit without authority.

1. Annual assessment. The interstate commission may levy an annual assessment on and collect the assessment from each member state to cover the cost of the operations and activities of the interstate commission and its staff. The total assessment must be sufficient to cover the annual budget approved each year for which revenue is not provided by other sources. The aggregate annual assessment amount must be allocated upon a formula to be determined by the interstate commission. The interstate commission shall adopt the formula by rule binding upon all member states. [PL 2017, c. 253, §7 (NEW).] 2. Obligations. The interstate commission may not incur an obligation of any kind prior to securing the funds adequate to meet that obligation. [PL 2017, c. 253, §7 (NEW).] 3. Credit. The interstate commission may not pledge the credit of another member state, except by and with the authority of that member state. [PL 2017, c. 253, §7 (NEW).] 4. Financial audit. The interstate commission is subject to a yearly financial audit conducted by a certified or licensed public accountant, and the report of the audit must be included in the annual report of the interstate commission under section 18513, subsection 1, paragraph K. [PL 2017, c. 253, §7 (NEW).]
Section 18514Verify source

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  • 1 Oct 2025 · currentEnglish

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