§139-A. --guaranty funds
The Treasurer of State, with the approval of the Commissioner of Administrative and Financial Services, the Superintendent of Financial Institutions and the Attorney General, has the power to enter into contracts or agreements approved by the Governor, with any national bank, trust company or safe deposit company located in New England or New York City, for custodial care and servicing of any securities deposited with the treasurer as a guaranty fund required by statutes. [PL 1991, c. 780, Pt. Y, §12 (AMD); PL 2001, c. 44, §11 (AMD); PL 2001, c. 44, §14 (AFF).]
Such services shall consist of the safekeeping of such securities in the vaults of the bank or safe deposit company and any fiscal service which is normally covered in a custodial contract or agreement. [PL 1971, c. 555 (NEW).]
The Treasurer of State shall obtain the written approval of the Superintendent of Insurance prior to releasing any securities received by the Treasurer of State and deposited in custodial accounts pursuant to the deposit requirements of the Maine Insurance Code. [PL 1993, c. 313, §1 (NEW).]
SECTION HISTORY
PL 1971, c. 555 (NEW). PL 1973, c. 585, §§11,14 (AMD). PL 1975, c. 771, §43 (AMD). PL 1985, c. 785, §A13 (AMD). PL 1991, c. 780, §Y12 (AMD). PL 1993, c. 313, §1 (AMD). PL 2001, c. 44, §11 (AMD). PL 2001, c. 44, §14 (AFF).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
5 §121. Office; bond; salary; deputy; fees
5 §122. Conditions of bond; filing
5 §123. Bond premiums to be paid by State
5 §124. Governor may require new bond
5 §125. Personal use or receipt of money from treasury or credit prohibited
5 §126. -- Attorney General to prosecute violations
5 §127. Governor may hear complaints; removal from office
5 §128. Appointment of commissioner to fill vacancy (REPEALED)
5 §130. Payment of receipts into State Treasury
5 §131. Departmental collections
5 §132. Records; collections (REPEALED)
5 §133. Payments to be withheld and applied on accounts
5 §135. Deposit of state funds; limitations
5 §135-A. Establishment of other special revenue accounts
5 §137. Purchase of unmatured bonds of State
5 §138. Custody and servicing of securities; investment of trust funds; exceptions; prorations
5 §139. Disposal of money and securities
5 §140. -- Restoration of permanent trust funds (REPEALED)
5 §141. -- "Reserve against future losses" account (REPEALED)
5 §142. -- investment of sinking funds
5 §143. Register of investments and Treasurer of State's report
5 §144. Form of unregistered bonds
5 §145-B. Issuance of registered bonds; miscellaneous provisions
5 §145-C. Capital appreciation bonds
5 §146. Equivalent bond to be issued on assignment
5 §147. Cancellation and registry of old bonds
5 §148. Cremation of old bonds
5 §149. Signature of outgoing Treasurer of State valid
5 §150. Temporary loans by State
5 §150-A. Short-term borrowing in anticipation of federal transportation funds
5 §151. Funds of professional licensing boards
5 §151-A. Income from temporary investment of bonds
5 §152. Ratification of bond issue; signed statement
5 §154. Services to nonstate agencies
5 §156. Authorization to establish program; payments for MaineCare benefits prohibited