LD 1709
pg. 2
Page 1 of 2 An Act To Clarify Financial Management Procedures at the Maine Developmental Di... LD 1709 Title Page
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LR 2444
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council.__Unless otherwise provided in the vote authorizing
their issuance, notes or other evidences of temporary
indebtedness of the council must be signed by the executive
director, treasurer and chair of the council and countersigned
by the vice-chair.__The council may pledge or assign its
revenues, the proceeds of those revenues and its other
property as security for notes and other evidences of
temporary indebtedness of the council.__The proceeds of notes
or other evidences of temporary indebtedness may be invested
in accordance with Title 30-A, sections 5706 and 5712.

 
C.__The net earnings of the council may not inure to the
benefit of any private person.__If the council is dissolved,
the distribution of all property owned by the council must
be determined by the Legislature in accordance with
applicable law and may not inure to the benefit of any
private person.

 
9.__Body corporate and politic; liability of members.__The
council is established as a body corporate and politic and may
exercise all the powers and authorities necessary to carry out
the purposes of this chapter and the powers and authorities
granted in this chapter.__Members of the council may not be held
personally liable for the official acts of the council.

 
Emergency clause. In view of the emergency cited in the preamble,
this Act takes effect when approved.

 
SUMMARY

 
This bill authorizes the Maine Developmental Disabilities
Council to select its chair, executive director, treasurer and
vice-chair. The bill clarifies the financial management
procedures of the council by authorizing the council to borrow
funds in anticipation of revenues if the borrowed funds are used
to pay current operating expenses and if the term of the
borrowing does not exceed 13 months. This borrowing is intended
to permit the council to meet its operating expenses in the event
federal appropriations are not received in a timely fashion. The
bill also establishes the council as a body corporate and politic
and clarifies that members are not personally liable for acts of
the council.


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