Mining Excise Tax Trust Fund

5 M.R.S. § 452, under MINING EXCISE TAX TRUST FUND.

5 M.R.S. § 452

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 impact resulting from mining of metallic minerals. [PL 1991, c. 799, §2 (AMD).]

1. Nonlapsing fund. The fund may not lapse.

2. Investment. The Treasurer of State shall invest the fund in accordance with section 138.

3. Principal limit.