2005 Maine Code - §399 — Revenue

    Revenue generated by the authority must first be used to support the operation of the authority, including segregation of money for future capital repairs. At the close of the fiscal year, unreserved retained earnings as identified by the State Controller may be transferred at any time prior to the closing of the books to an account established within the Military Bureau to be used for capital repairs and maintenance of state armories and Maine National Guard tuition assistance. [2003, c. 646, §13 (amd).]