Maine § 13204. - Use of operating revenues
Full text of Maine Maine Revised Statutes § 13204. — Use of operating revenues, with citation guidance and answers to common questions.
§ 13204.. Use of operating revenues
1. Principal use of revenues. Operating revenues must be used principally to reinvest in the properties held by the corporation.
2. Permitted liability limited. All expenses incurred in carrying out the provisions of this chapter must be paid solely from funds provided by the corporation, and liability or obligation may not be incurred under this chapter beyond the extent to which funds have been provided by the corporation.
3. Equal opportunity employers. Contractors and subcontractors on corporation construction and reconstruction projects must be equal opportunity employers and, for contracts of more than $250,000, shall pursue in good faith affirmative action programs as defined in section 782.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 13204.
What does Maine Revised Statutes § 13204. cover?
Section 13204. ("Use of operating revenues") 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 § 13204.?
A common citation format is "Maine Revised Statutes § 13204." (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 § 13204. 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.