§1856. Unorganized Territory School Fund
1. Fund; unexpended income. The Unorganized Territory School Fund, which includes the existing principal of that fund arising from the public reserved lots before October 3, 1973 and any accrued but unexpended income from the fund since that date, must continue.
[PL 1997, c. 678, §13 (NEW).]
2. Administration; annual income. The Treasurer of State shall hold and administer the Unorganized Territory School Fund. The income of the fund must be credited on December 31st annually to the Unorganized Territory Education and Services Fund established by Title 36, chapter 115 and used to reduce the amount determined to be the municipal cost components for the next fiscal year.
[PL 1997, c. 678, §13 (NEW).]
SECTION HISTORY
PL 1997, c. 678, §13 (NEW).
Structure Maine Revised Statutes
Part 2: FORESTS, PARKS, LAKES AND RIVERS
Chapter 220: BUREAU OF PARKS AND PUBLIC LANDS
Subchapter 4: PUBLIC RESERVED LANDS
12 §1845. Definitions relating to public reserved lands
12 §1846. Access to public reserved lands
12 §1847. Management of public reserved lands
12 §1848. Sale of natural resources from public reserved lands
12 §1849. Revenue from public reserved lands
12 §1850. Acquisition of public reserved land
12 §1851. Sale of public reserved lands
12 §1852. Transfer or lease of public reserved lands
12 §1853. Annual report dealing with public reserved lands
12 §1854. Revenue sharing on public reserved lands
12 §1855. Organized Townships Fund
12 §1856. Unorganized Territory School Fund
12 §1857. Timber trespass on public reserved lands
12 §1858. Location of public reserved lands
12 §1859. Funding for educational programs related to logging and forestry