5 §452. Mining Excise Tax Trust Fund

5 ME Rev Stat § 452 (2019) (N/A)
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§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.   [PL 1991, c. 799, §2 (AMD).]

1.  Nonlapsing fund.  The fund may not lapse.

[PL 1991, c. 799, §2 (AMD).]

2.  Investment.  The Treasurer of State shall invest the fund in accordance with section 138.

[PL 1981, c. 711, §2 (NEW).]

3.  Principal limit.

[PL 1991, c. 799, §2 (RP).]

SECTION HISTORY

PL 1981, c. 711, §2 (NEW). PL 1991, c. 799, §2 (AMD).