Maine Revised Statutes Title 12 Sec. 6039 – Halibut Fund
Current as of: 2023 | Check for updates
|
Other versions
The Halibut Fund, referred to in this section as “the fund,” is established within the department. [PL 2007, c. 615, §6 (NEW).]
1. Sources. The fund is capitalized by fees assessed under section 6506, subsections 4 and 5 and received through the sale of commercial halibut fishing licenses and tags. In addition to those revenues, the commissioner may accept and deposit into the fund money from any other source, public or private. All money in the fund must be used for the purposes set forth in this section.
[PL 2021, c. 627, §1 (AMD).]
Terms Used In Maine Revised Statutes Title 12 Sec. 6039
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Purposes. The commissioner shall use the fund for halibut research and for the implementation of management measures needed for the halibut fishery.
[PL 2007, c. 615, §6 (NEW).]
3. Interest and balances credited to fund. Any interest earned on the money in the fund must be credited to the fund. Unexpended balances in the fund at the end of the fiscal year do not lapse but must be carried forward to the next fiscal year and credited to the fund.
[PL 2007, c. 615, §6 (NEW).]
SECTION HISTORY
PL 2007, c. 615, §6 (NEW). PL 2021, c. 627, §1 (AMD).