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153 chapters · 1,495 sections in this title.
5 M.R.S. § 17435 Duties of the trustees of the investment trust fund
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The trustees of the investment trust fund have the following duties. [PL 2007, c. 240, Pt. RRR, §2 (NEW).] 1. Manage assets. The trustees of the investment trust fund shall hold, invest, reinvest and manage assets appropriated to the investment trust fund and all other assets of …
5 M.R.S. § 17436 Liability and immunity of trustees of the investment trust fund
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1. Limited liability of trustees of the investment trust fund. A trustee of the investment trust fund is not: A. Personally liable for any liability, loss or expense suffered by the investment trust fund, unless such a liability, loss or expense arises out of or results from the …
5 M.R.S. § 17437 Exemption from taxation
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The money in the investment trust fund is exempt from any state, county or municipal tax in the State.
5 M.R.S. § 17438 Reporting requirements under Governmental Accounting Standards Board
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The system and trustees of the investment trust fund have no obligation to comply with reporting requirements related to the investment trust fund under Governmental Accounting Standards Board Statement Number 74, Financial Reporting for Postemployment Benefit Plans Other Than Pe…