Maine Revised Statutes Title 37-B Sec. 1130 – Dam Repair and Reconstruction Fund
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1. Fund established. The Dam Repair and Reconstruction Fund, referred to in this section as the “fund,” is established within the department. The department shall administer the fund and make low-interest loans from the fund for purposes pursuant to this section. The department may seek assistance from the Maine Municipal Bond Bank in administering the fund.
[PL 2011, c. 112, §3 (AMD).]
Terms Used In Maine Revised Statutes Title 37-B Sec. 1130
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Dam: means any artificial barrier, including appurtenant works, the site on which it is located and appurtenant rights of flowage and access, that impounds or diverts water, and that:
A. See Maine Revised Statutes Title 37-B Sec. 1111Emergency: means breaches and all conditions leading to or causing a breach, overtopping or any other condition in a dam and its appurtenant structures that may be construed as unsafe or threatening to life and property. See Maine Revised Statutes Title 37-B Sec. 1111 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 department may use the fund to provide low-interest loans to municipalities and quasi-municipal corporations or districts for engineering, legal and construction costs involved in acquiring title to, establishing a long-term management plan for, repairs to, reconstruction of, breaching of or removal of a dam or to pay emergency costs incurred for actions taken pursuant to section 1114. For the purposes of this section, “municipality” has the same meaning as set out in Title 30?A, section 5903, subsection 7?A and “quasi-municipal corporation or district” has the same meaning as set out in Title 30?A, section 2351, subsection 4.
[PL 2011, c. 112, §4 (AMD).]
3. Rulemaking. The department shall adopt rules to implement this section, including criteria and procedures for the application for and award of low-interest loans from the fund and for repayment of loans to the fund. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II?A.
[PL 2001, c. 460, §3 (NEW).]
4. Nonlapsing. Any balance in the fund at the end of the fiscal year may not lapse but must be carried forward to the next fiscal year.
[PL 2001, c. 460, §3 (NEW).]
SECTION HISTORY
PL 2001, c. 460, §3 (NEW). PL 2007, c. 167, §12 (AMD). PL 2011, c. 112, §§3, 4 (AMD).