| | |
| 3. Source of fund. The loan fund shall be is established and | | maintained by funds received from the following: |
|
| | | A. Repayments of loans made by the loan fund and accrued | | interest on those loans; |
|
| | | B. Interest, income and dividends from investments made by | | the Treasurer of State under subsection 1; and |
|
| | | C. Payments pursuant to subparagraph (1). |
|
| | | (1) The commissioner shall assess a levy based on the | | total actual workers' compensation premiums paid in | | 1984 by employers under former Title 39, the Workers' | | Compensation Act or under Title 39-A, Part 1, the Maine | | Workers' Compensation Act of 1992. As soon as | | practicable after July 1, 1985, the commissioner shall | | assess upon and collect from each insurance carrier | | licensed to do workers' compensation business in the | | State an amount equal to 1/2 of 1% of the total | | workers' compensation insurance premiums paid to that | | insurance carrier during 1984 by employers in the | | State. The levy assessment constitutes an element of | | loss for the purpose of establishing rates for workers' | | compensation insurance. |
|
| | | (a) The Commissioner of Labor shall send notice of | | the assessments by certified mail to each carrier | | and self-insured employer. Payment of assessments | | must be received in the principal office of the | | Department of Labor before a date specified in the | | notice, but not more than 90 days after the date | | of the mailing. |
|
| | | Sec. O-2. 26 MRSA §63, first ¶, as amended by PL 2001, c. 398, Pt. B, | | §3, is further amended to read: |
|
| | | The department may administer a statewide program to make low | interest low-interest loans, interest rate subsidies for loans | and to make grants to improve safety and promote healthful | | working conditions in factories, workshops and workplaces in this | | State. This program is known as the Occupational Safety Loan | | Program. |
|
| | | Sec. O-3. 26 MRSA §63, sub-§1, as amended by PL 1991, c. 93, §3, is | | further amended to read: |
|
| | | 1. Criteria for loans and loans receiving interest rate | subsidies. The department shall promulgate adopt rules to |
|
|