Maine Revised Statutes Title 30-A Sec. 4962 – Electric Assistance Program Fund
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1. Established. The fund is established under the jurisdiction of the authority.
[PL 2001, c. 257, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 30-A Sec. 4962
- Authority: means the Maine State Housing Authority established pursuant to section 4722. See Maine Revised Statutes Title 30-A Sec. 4961
- Commission: means the Public Utilities Commission established pursuant to Title 35?A, section 103. See Maine Revised Statutes Title 30-A Sec. 4961
- Contract: A legal written agreement that becomes binding when signed.
- Electric assistance: means assistance as established by the commission pursuant to Title 35?A, section 3214 and rules adopted pursuant to that section, based on an eligible household's income level and electricity usage and paid to an electric utility on behalf of an eligible household. See Maine Revised Statutes Title 30-A Sec. 4961
- Electric utility: means a transmission and distribution utility as defined in Title 35?A, section 102, subsection 20?B. See Maine Revised Statutes Title 30-A Sec. 4961
- Fund: means the Electric Assistance Program Fund established in section 4962. See Maine Revised Statutes Title 30-A Sec. 4961
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Program: means the electric assistance program established by the commission pursuant to Title 35?A, section 3214. See Maine Revised Statutes Title 30-A Sec. 4961
2. Sources of the fund. The funds consists of:
A. Funds collected by an electric utility as determined by the commission pursuant to Title 35?A, section 3214; [PL 2001, c. 257, §1 (NEW).]
B. All money appropriated by the State for inclusion in the fund; [PL 2001, c. 257, §1 (NEW).]
C. Subject to any pledge, contract or other obligation, all interest, dividends and pecuniary gains from the investment of money in the fund; and [PL 2001, c. 257, §1 (NEW).]
D. All other money deposited in the fund to implement the provisions of this subchapter. [PL 2001, c. 257, §1 (NEW).]
[PL 2001, c. 257, §1 (NEW).]
3. Application of fund. The authority shall apply money in the fund to provide electric assistance for the benefit of eligible households and for other purposes authorized by this subchapter. Money in the fund not currently needed for purposes of this subchapter may be deposited with the authority to the credit of the fund and may be invested as provided by law. The fund may be used by the authority to pay for the administrative expenses of the fund and operation of the program with the approval of the commission.
[PL 2001, c. 257, §1 (NEW).]
4. Accounts within the fund. The authority may divide the fund into separate accounts as it determines necessary or convenient to accomplish the purposes of this subchapter.
[PL 2001, c. 257, §1 (NEW).]
5. Revolving fund. The fund is a revolving fund. The authority shall continuously apply the money in the fund to accomplish the purposes of this subchapter.
[PL 2001, c. 257, §1 (NEW).]
SECTION HISTORY
PL 2001, c. 257, §1 (NEW).