Maine § 988-A. - Natural Resources Capital Investment Fund
Full text of Maine Maine Revised Statutes § 988-A. — Natural Resources Capital Investment Fund, with citation guidance and answers to common questions.
§ 988-A.. Natural Resources Capital Investment Fund
1. Creation. The Natural Resources Capital Investment Fund is created and established under the jurisdiction and control of the authority.
2. Sources of money. There shall be paid into the fund the following:
A. All money appropriated for inclusion in the fund; [PL 1989, c. 552, §12 (NEW).]
B. Subject to any pledge, contract or other obligation, all interest, dividends or other pecuniary gains from investment of money of the fund; [PL 1989, c. 552, §12 (NEW).]
C. Subject to any pledge, contract or other obligation, any money which the authority receives in repayment of advances from the fund; and [PL 1989, c. 552, §12 (NEW).]
D. Any other money available to the authority and directed by the authority to be paid into the fund. [PL 1989, c. 552, §12 (NEW).]
3. Application of fund. Money in the fund may be applied to carry out any power of the authority under or in connection with section 988‑B, including, without limitation, to pledge or transfer and deposit money in the fund as security for and to apply money in the fund in payment of principal, interest, dividends and other amounts due on secured loans or equity interests. Money in the fund may be used for direct loans in connection with a project eligible under section 988‑B. The authority, pursuant to the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter II, shall adopt rules for determining eligibility, feasibility, terms, conditions and security for direct loans or secured loans or investments. Money in the fund not needed currently to meet the obligations of the authority as provided in this section may be invested in a manner permitted by law.
4. Accounts within fund. The authority may divide the fund into separate accounts as it determines necessary or convenient for carrying out this section, including, but not limited to, accounts reserved for direct loan funds.
5. Revolving fund. The fund shall be a nonlapsing, revolving fund. All money in the fund shall be continuously applied by the authority to carry out this section and section 988‑B.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 988-A.
What does Maine Revised Statutes § 988-A. cover?
Section 988-A. ("Natural Resources Capital Investment 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 § 988-A.?
A common citation format is "Maine Revised Statutes § 988-A." (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 § 988-A. 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.