‘Sec. 1. 37-B MRSA §512  is enacted to read:

§ 512.  Maine Veterans' Memorial Cemetery System Care Fund

Sec. 2. Expenditures prohibited. An expenditure or promise of payment may not be made from the Maine Veterans' Memorial Cemetery System Care Fund established in the Maine Revised Statutes, Title 37-B, section 512 prior to the enactment of guidelines in statute that govern the investment of revenue, interest or principal from the fund and criteria by which expenditures for perpetual care are established.

Sec. 3. Director of Bureau of Maine Veterans' Services to report on future investment plan. The Director of the Bureau of Maine Veterans' Services within the Department of Defense, Veterans and Emergency Management shall consult with the Treasurer of State to develop an investment plan for the Maine Veterans' Memorial Cemetery System Care Fund established in the Maine Revised Statutes, Title 37-B, section 512 that provides appropriate guidelines for investment and expenditures from the fund. The director shall submit the report and any suggested legislation to the joint standing committee of the Legislature having jurisdiction over veterans' cemeteries no later than February 15, 2011. The joint standing committee of the Legislature having jurisdiction over veterans' cemeteries is authorized to submit a bill to the First Regular Session of the 125th Legislature based on the report.

Sec. 4. Appropriations and allocations. The following appropriations and allocations are made.

DEFENSE, VETERANS AND EMERGENCY MANAGEMENT, DEPARTMENT OF

Veterans Services 0110

Initiative: Establishes the Maine Veterans' Memorial Cemetery System Care Fund and provides a base allocation.

OTHER SPECIAL REVENUE FUNDS	2009-10	2010-11
All Other	$0	$500
OTHER SPECIAL REVENUE FUNDS TOTAL	$0	$500

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