Maine § 85. - Fair Fund
Full text of Maine Maine Revised Statutes § 85. — Fair Fund, with citation guidance and answers to common questions.
§ 85.. Fair Fund
The Treasurer of State shall establish the Fair Fund and shall annually credit a sum of money equal to 5% of the total amount designated as state share in accordance with Title 8, section 286 to the Fair Fund. The commissioner shall make distributions from the Fair Fund only to licensees eligible for a stipend under section 86, subsections 5 and 6. Distributions are prorated according to the amount of premiums actually paid by those licensees in full and in cash or valuable equivalent. Restrictions on premiums used to determine apportionment of a stipend under section 86, subsection 5 apply to distribution from the Fair Fund. [PL 2025, c. 161, §2 (AMD).]
Frequently Asked Questions About Maine § 85.
What does Maine Revised Statutes § 85. cover?
Section 85. ("Fair Fund") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 85.?
A common citation format is "Maine Revised Statutes § 85." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 85. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.