2005 Maine Code - §1130 — Dam Repair and Reconstruction Fund

      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 Finance Authority of Maine in administering the fund.[2001, c. 460, §3 (new).]
      2. Purposes. The fund provides low-interest loans to municipalities 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.[2001, c. 460, §3 (new).]
      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.[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.[2001, c. 460, §3 (new).]

Section History:

PL 2001,  Ch. 460,   §3 (NEW).