Maine Revised Statutes Title 32 Sec. 16533 – Suspension of payment
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Terms Used In Maine Revised Statutes Title 32 Sec. 16533
- Administrator: means the Securities Administrator under section 16601. See Maine Revised Statutes Title 32 Sec. 16102
- Fund: means the Securities Restitution Assistance Fund established under section 16522. See Maine Revised Statutes Title 32 Sec. 16521
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
If payment of restitution assistance under this subchapter would result in a fund balance below $250,000, the administrator may suspend payment of claims or prorate payment of claims at the administrator’s discretion until such time as the administrator determines a sufficient balance has been restored to the fund. [PL 2021, c. 576, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 576, §1 (NEW).