Maine Revised Statutes > Title 5 > Part 1 > Chapter 7-A – Maine Retirement Savings Board
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Terms Used In Maine Revised Statutes > Title 5 > Part 1 > Chapter 7-A - Maine Retirement Savings Board
- Abuse or neglect: means a threat to a child's health or welfare by physical, mental or emotional injury or impairment, sexual abuse or exploitation including under Title 17?A, sections 282, 852, 853 and 855 or deprivation of essential needs, or lack of protection from these, by a person responsible for the child. See Maine Revised Statutes Title 22 Sec. 4002
- Administration fund: means the administration fund established pursuant to section 10103, subsection 5. See Maine Revised Statutes Title 35-A Sec. 10102
- Administrative costs: means costs of the trust in carrying out its responsibilities under this chapter, including, but not limited to, costs of:
A. See Maine Revised Statutes Title 35-A Sec. 10102Alternative energy resources: means nonfossil fuel energy resources, including, but not limited to, biomass, wood, wood pellets and solar, wind or geothermal resources. See Maine Revised Statutes Title 35-A Sec. 10102 Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it. Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year. Appraisal: A determination of property value. Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account. Beneficial electrification: means electrification of a technology or process that results in reduction in the use of a fossil fuel, including electrification of a technology or process that would otherwise require energy from a fossil fuel, and that provides a benefit to a utility, a ratepayer or the environment, without causing harm to utilities, ratepayers or the environment, by improving the efficiency of the electricity grid or reducing consumer costs or emissions, including carbon emissions. See Maine Revised Statutes Title 35-A Sec. 10102 Board: means the Efficiency Maine Trust Board. See Maine Revised Statutes Title 35-A Sec. 10102 Board: means the Maine Retirement Savings Board under section 172. See Maine Revised Statutes Title 5 Sec. 171 Child protection proceeding: means a proceeding on a child protection petition under subchapter VI, a subsequent proceeding to review or modify a case disposition under section 4038, an appeal under section 4006, a proceeding on a termination petition under subchapter VI, or a proceeding on a medical treatment petition under subchapter VIII. See Maine Revised Statutes Title 22 Sec. 4002 Commercial PACE: means commercial property assessed clean energy. See Maine Revised Statutes Title 35-A Sec. 10202 Commercial PACE agreement: means an agreement that authorizes the creation of a commercial PACE assessment on qualifying property and that is approved in writing by all owners of the qualifying property at the time of the agreement. See Maine Revised Statutes Title 35-A Sec. 10202 Commercial PACE assessment: means an assessment made against qualifying property to finance an energy savings improvement. See Maine Revised Statutes Title 35-A Sec. 10202 Commercial PACE ordinance: means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a commercial PACE program. See Maine Revised Statutes Title 35-A Sec. 10202 Commercial PACE program: means a program established under this chapter by the trust, a 3rd party contracted by the trust or a municipality, under which commercial property owners can finance energy savings improvements on qualifying property. See Maine Revised Statutes Title 35-A Sec. 10202 Commission: means the Public Utilities Commission. See Maine Revised Statutes Title 35-A Sec. 102 Commissioner: means the Commissioner of Agriculture, Conservation and Forestry. See Maine Revised Statutes Title 12 Sec. 1801 Covered employee: means an individual who is 18 years of age or older who is employed by a covered employer and who has wages or other compensation that are allocable to the State during a calendar year. See Maine Revised Statutes Title 5 Sec. 171 Covered employer: means a person or entity engaged in a business, industry, profession, trade or other enterprise in the State, whether for profit or not for profit, that has not offered to its employees, effective in form or operation at any time within the current calendar year or 2 preceding calendar years, a specified tax-favored retirement plan. See Maine Revised Statutes Title 5 Sec. 171 Custodian: means the person who has legal custody and power over the person of a child. See Maine Revised Statutes Title 22 Sec. 4002 Customer: includes any person, government or governmental division which has applied for, been accepted and is currently receiving service from a public utility. See Maine Revised Statutes Title 35-A Sec. 102 Deed: The legal instrument used to transfer title in real property from one person to another. Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A Department: means the Department of Agriculture, Conservation and Forestry. See Maine Revised Statutes Title 12 Sec. 1801 Director: means the Director of the Bureau of Parks and Lands. See Maine Revised Statutes Title 12 Sec. 1801 Director: means the Director of the Efficiency Maine Trust. See Maine Revised Statutes Title 35-A Sec. 10102 Energy savings improvement: means an improvement or series of improvements to qualifying property that, as determined by the trust, are new and permanently affixed to qualifying property and that:
A. See Maine Revised Statutes Title 35-A Sec. 10202Energy savings improvement: means an improvement to qualifying property that, as determined by the trust, is new and permanently affixed to qualifying property and that:
A. See Maine Revised Statutes Title 35-A Sec. 10153Enterprise fund: means the Maine Retirement Savings Program Enterprise Fund established in section 178. See Maine Revised Statutes Title 5 Sec. 171 ERISA: means the federal Employee Retirement Income Security Act of 1974, as amended, 29 United States Code § 1001 et seq. See Maine Revised Statutes Title 5 Sec. 171 Fiduciary: A trustee, executor, or administrator. Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC Forward capacity market: means the program established by the regional transmission organization that is in effect on the effective date of this subsection and compensates providers of electrical capacity with payments for the availability or reduction of capacity as determined by the regional transmission organization. See Maine Revised Statutes Title 35-A Sec. 10102 Gas utility: includes every person, that person's lessees, trustees, receivers or trustees appointed by any court owning, controlling, operating or managing any gas plant for compensation within this State, except when gas is made or produced on and distributed by the maker or producer through private property alone solely for its own tenants and not for sale to others, or when the gas is sold solely for use in vehicles fueled by natural gas or to a liquid gas system that serves fewer than 10 customers as long as no portion of the liquid gas system is located in a public place or that serves a single customer if the liquid gas system is located entirely on the customer's premises. See Maine Revised Statutes Title 35-A Sec. 102 Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value. Grantee: means the person to whom a freehold estate or interest in land is conveyed. See Maine Revised Statutes Title 1 Sec. 72 Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC Internal Revenue Code: means the United States Internal Revenue Code of 1986, as amended. See Maine Revised Statutes Title 5 Sec. 171 IRA: means a traditional IRA or Roth IRA. See Maine Revised Statutes Title 5 Sec. 171 lands: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72 Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff. Lien: A claim against real or personal property in satisfaction of a debt. Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants. Mortgage: The written agreement pledging property to a creditor as collateral for a loan. 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. Oversight: Committee review of the activities of a Federal agency or program. PACE agreement: means an agreement that authorizes the creation of a PACE mortgage on qualifying property and that is approved in writing by all owners of the qualifying property at the time of the agreement, other than mortgage holders. See Maine Revised Statutes Title 35-A Sec. 10153 PACE assessment: means an assessment made against qualifying property to repay a PACE mortgage. See Maine Revised Statutes Title 35-A Sec. 10153 PACE mortgage: means a mortgage securing a loan made pursuant to a PACE program to fund energy savings improvements on qualifying property. See Maine Revised Statutes Title 35-A Sec. 10153 PACE ordinance: means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a PACE program. See Maine Revised Statutes Title 35-A Sec. 10153 PACE program: means a program established under this chapter by the trust or a municipality under which property owners can finance energy savings improvements on qualifying property. See Maine Revised Statutes Title 35-A Sec. 10153 Parent: means a natural or adoptive parent or a parent established under Title 19?A, chapter 61, unless parental rights have been terminated. See Maine Revised Statutes Title 22 Sec. 4002 Park: means any area of land or an interest in land, with or without improvements, that is acquired by or under the control of the State, managed primarily for public recreation or conservation purposes and classified by the director as a park, including:
A. See Maine Revised Statutes Title 12 Sec. 1801Participant: means an individual who has an IRA under the program. See Maine Revised Statutes Title 5 Sec. 171 payroll deduction IRA arrangement: means an arrangement by which an employer allows employees to contribute to an IRA by means of payroll deduction. See Maine Revised Statutes Title 5 Sec. 171 Person: means an individual, corporation, facility, institution or agency, public or private. See Maine Revised Statutes Title 22 Sec. 4002 Person: includes a corporation, partnership, limited partnership, limited liability company, limited liability partnership, association, trust, estate, any other legal entity or natural person. See Maine Revised Statutes Title 35-A Sec. 102 Personal property: All property that is not real property. Probate: Proving a will Program: means the Maine Retirement Savings Program established in accordance with this chapter. See Maine Revised Statutes Title 5 Sec. 171 Program funds: means any of the funds established pursuant to this chapter, other than the administration fund, to fund Efficiency Maine Trust programs. See Maine Revised Statutes Title 35-A Sec. 10102 Qualifying property: means real property located in a municipality that participates in a PACE program pursuant to this chapter. See Maine Revised Statutes Title 35-A Sec. 10153 Qualifying property: means real commercial property that:
A. See Maine Revised Statutes Title 35-A Sec. 10202Quorum: The number of legislators that must be present to do business. Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Regional transmission organization: means the independent systems operator that administers and oversees the wholesale electricity markets in which the State participates. See Maine Revised Statutes Title 35-A Sec. 10102 Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant. Renewable energy installation: means a fixture, product, system, device or interacting group of devices installed behind the meter at a qualifying property, or on contiguous property under common ownership, that produces energy or heat from renewable sources, including, but not limited to, photovoltaic systems, solar thermal systems, biomass systems including but not limited to masonry stoves and wood pellet systems, landfill gas to energy systems, geothermal systems, wind systems and any other systems eligible for funding under federal Qualified Energy Conservation Bonds or federal Clean Renewable Energy Bonds. See Maine Revised Statutes Title 35-A Sec. 10153 Renewable energy installation: means a fixture, product, system, device or interacting group of devices installed behind the meter at a qualifying property, or on contiguous property under common ownership, that produces energy or heat from renewable sources, including, but not limited to, photovoltaic systems, solar thermal systems, highly efficient wood heating systems, geothermal systems and wind systems that do not on average generate more energy or heat than the peak demand of the property. See Maine Revised Statutes Title 35-A Sec. 10202 Retirement system: means the Maine Public Employees Retirement System established in section 17101. See Maine Revised Statutes Title 5 Sec. 171 Roth IRA: means a Roth individual retirement account or Roth individual retirement annuity described in Section 408A of the Internal Revenue Code. See Maine Revised Statutes Title 5 Sec. 171 Serious injury: means serious physical injury or impairment. See Maine Revised Statutes Title 22 Sec. 4002 Specified tax-favored retirement plan: means a plan, program or arrangement that is tax-qualified under or described in, and satisfies the requirements of, Section 401(a), Section 401(k), Section 403(a), Section 403(b), Section 408(k), Section 408(p) or Section 457(b) of the Internal Revenue Code, without regard to whether it constitutes an employee benefit plan under ERISA. See Maine Revised Statutes Title 5 Sec. 171 Statute: A law passed by a legislature. Subpoena: A command to a witness to appear and give testimony. Testify: Answer questions in court. Traditional IRA: means a traditional individual retirement account or traditional individual retirement annuity described in Section 408(a) or Section 408(b) of the Internal Revenue Code. See Maine Revised Statutes Title 5 Sec. 171 Transmission and distribution utility: means a person, its lessees, trustees or receivers or trustees appointed by a court, owning, controlling, operating or managing a transmission and distribution plant for compensation within the State, except where the electricity is distributed by the entity that generates the electricity through private property alone solely for the use of:
A. See Maine Revised Statutes Title 35-A Sec. 102Triennial plan: means the plan required under section 10104, subsection 4. See Maine Revised Statutes Title 35-A Sec. 10102 Trust: means the Efficiency Maine Trust established in section 10103. See Maine Revised Statutes Title 35-A Sec. 10202 Trust: means the Efficiency Maine Trust established in section 10103. See Maine Revised Statutes Title 35-A Sec. 10153 Trust: means the Efficiency Maine Trust established in section 10103. See Maine Revised Statutes Title 35-A Sec. 10102 Trustee: means a member of the board. See Maine Revised Statutes Title 35-A Sec. 10102 Trustee: A person or institution holding and administering property in trust. Verdict: The decision of a petit jury or a judge. Wages: means any compensation within the meaning of Section 219(f)(1) of the Internal Revenue Code that is received by an employee from an employer during a calendar year. See Maine Revised Statutes Title 5 Sec. 171