5 §451. Statement of purpose (REPEALED)

§451. Statement of purpose (REPEALED) SECTION HISTORY PL 1981, c. 711, §2 (NEW). PL 1991, c. 799, §1 (RP).

5 §452. Mining Excise Tax Trust Fund

§452. Mining Excise Tax Trust Fund There is created a separate trust fund to be known as the Mining Excise Tax Trust Fund, referred to in this chapter as the “fund,” to replace the loss to the State of a nonrenewable natural resource, to protect the State’s environment and to protect municipalities from any adverse […]

5 §453-A. Board of trustees

§453-A. Board of trustees The Mining Excise Tax Trust Fund Board of Trustees, as established in section 12004‑G, subsection 33‑B and referred to in the chapter as the “board,” consists of 5 members, at least one of whom must be a resident of the unorganized territory.   [PL 1993, c. 680, Pt. A, §8 (AMD).] […]

5 §453. Board of trustees (REPEALED)

§453. Board of trustees (REPEALED) SECTION HISTORY PL 1981, c. 711, §2 (NEW). PL 1983, c. 812, §18 (AMD). PL 1989, c. 503, §B14 (AMD). PL 1991, c. 622, §S2 (RP).

5 §454-A. Powers and duties of board

§454-A. Powers and duties of board 1.  Authorize expenditures.  The board may authorize any expenditure of the fund. An expenditure of funds or transfer of responsibility may be made only with the concurrence of at least 3 members of the board.   [PL 1991, c. 799, §5 (NEW).] 2.  Employ staff as necessary.  The board […]

5 §454. Powers and duties of the board (REPEALED)

§454. Powers and duties of the board (REPEALED) SECTION HISTORY PL 1981, c. 711, §2 (NEW). PL 1991, c. 799, §4 (RP).

5 §455. Uses of the trust fund

§455. Uses of the trust fund 1.  Funds available.  The board may utilize available funds as follows.   A. The board may use income for the purposes of this section.   [PL 1981, c. 711, §2 (NEW).] B. The board may use the principal if approved by the Legislature and the Governor.   [PL 1981, […]