LD 1600
pg. 44
Page 43 of 360 An Act To Recodify the Laws Governing Inland Fisheries and Wildlife Page 45 of 360
Download Bill Text
LR 2121
Item 1

 
firms, using money in the fund; and may direct those firms to
purchase or sell investment opportunities as necessary to
prudently manage the fund.__The Treasurer of State annually may
reimburse the State for costs incurred to oversee the fund from
earnings of the fund.

 
3.__Commissioner.__The commissioner may accept donations to
the fund but may not use any principal or earnings of the fund
except upon the approval of the Treasurer of State and for the
purposes set forth in this section.

 
4.__Uses of fund.__Prior to July 1, 2010, the Treasurer of
State continuously shall reinvest all earnings of the fund and
may not authorize any payments from the fund or use any earnings
of the fund, except those necessary to pay the costs of
administering the fund.__On July 1, 2010, and on July 1st of each
year thereafter, the Treasurer of State shall transfer to the
department an amount equal to 5% of the fund principal.__
Additional interest earned by the fund, if any, must be
reinvested.__All funds received from the department under section
10851 and this section are subject to allocation by the
Legislature.

 
5.__Report.__The Treasurer of State shall report quarterly to
the commissioner and to the joint standing committee of the
Legislature having jurisdiction over inland fisheries and
wildlife matters on the status of the fund, including the sources
and amount of revenue deposited into the fund, interest earnings
and payments from the fund.

 
§10252.__Fish hatchery maintenance fund

 
The fish hatchery maintenance fund, referred to in this
section as the "fund," is established in the department as a
nonlapsing fund to be used by the commissioner to fund or assist
in funding engineering designs for the Embden Hatchery, a
statewide assessment of all other hatchery facilities and
maintenance, repair and capital improvements at fish hatcheries
and feeding stations owned by the State and the per diem and
related expenses of 4 meetings of the Commission to Study the
Needs and Opportunities Associated with the Production of
Salmonid Fish in Maine in fiscal year 2001-02 and 4 meetings of
the commission in fiscal year 2002-03.__The fund may not be used
to fund personnel services costs or general operating costs of a
fish hatchery.__The commissioner may accept and deposit into the
fund any monetary gifts, donations or other contributions from
public or private sources and must use that money for the
purposes specified in this section.

 
§10253.__Maine Endangered and Nongame Wildlife Fund


Page 43 of 360 Top of Page Page 45 of 360