Maine Revised Statutes Title 38 Sec. 411-C – Maine Clean Water Fund
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1. Establishment; administration. The Maine Clean Water Fund, referred to in this section as “the fund,” is established as provided in this section.
A. The fund is established as a nonlapsing fund to provide financial assistance, in accordance with subsection 2, for the acquisition, planning, design, construction, reconstruction, enlargement, repair, protection and improvement of wastewater systems and treatment facilities and water pollution abatement systems. [PL 2019, c. 423, §3 (AMD).]
B. The department shall administer the fund. The fund must be invested in the same manner as permitted for investment of funds belonging to the State or held in the State Treasury. The fund must be established and held separate from any other funds and used and administered exclusively for the purpose of this section. The fund consists of the following:
(1) Sums that are appropriated by the Legislature or transferred to the fund from time to time from the State Water and Wastewater Infrastructure Fund pursuant to Title 30?A, section 6006?H;
(2) Interest earned from the investment of fund balances; and
(3) Other funds from any public or private source received for use for any of the purposes for which the fund has been established. [PL 2009, c. 377, §3 (NEW).]
[PL 2019, c. 423, §3 (AMD).]
Terms Used In Maine Revised Statutes Title 38 Sec. 411-C
- 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.
2. Uses. The fund may be used for one or more of the following purposes:
A. To make grants to public wastewater systems under sections 411, 411?A and 412; [PL 2019, c. 423, §4 (AMD).]
B. To forgive loans held by public wastewater systems for the acquisition, planning, design, construction, reconstruction, enlargement, repair, protection or improvement of public wastewater systems and treatment facilities and water pollution abatement systems; [PL 2009, c. 377, §3 (NEW).]
C. To provide a state match for federal funds allocated to the state revolving loan fund established in Title 30?A, section 6006?A; [PL 2009, c. 377, §3 (NEW).]
D. To invest available fund balances and to credit the net interest income on those balances to the fund; and [PL 2009, c. 377, §3 (NEW).]
E. To pay the costs of the department associated with the administration of the fund as long as no more than 5% of the aggregate of the highest fund balance in any fiscal year is used for these purposes. [PL 2009, c. 377, §3 (NEW).]
[PL 2019, c. 423, §4 (AMD).]
SECTION HISTORY
PL 2009, c. 377, §3 (NEW). PL 2019, c. 423, §§3, 4 (AMD).