Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 321 - WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM
Section 457-321-3 - Waste Motor Oil Revenue Fund

Universal Citation: 94 ME Code Rules ยง 457-321-3
Current through 2024-13, March 27, 2024

The Waste Motor Oil Revenue Fund, as established in 10 M.R.S.A. Section1020(2), shall be deposited with and administered by the Authority. Any reasonable costs of administering the fund incurred by the Authority, including but not limited to costs of public notices required by the Program, costs of preparing for the issuance of, issuing and administering revenue obligation securities issued for Program purposes, amounts necessary to fund a capital reserve fund or other reserve funds determined by the Chief Executive Officer to be necessary or desirable to secure payment of debt service on the revenue obligation securities and fees required to be paid to the Authority pursuant to Chapter 202 of the Rules of the Authority (Revenue Obligation Securities Program), may be taken by the Authority from monies in the fund or from sale proceeds of such revenue obligation securities or investment earnings upon such sale proceeds, in the Chief Executive Officer's sole discretion.

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