5 §17302. Administration of fund - Maine Statutes

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES

Part 20: STATE RETIREMENT SYSTEM (HEADING: PL 1985, C. 801, §5 (NEW))

Chapter 421: GENERAL PROVISIONS (HEADING: PL 1985, C. 801, §5 (NEW))

Subchapter 4: FINANCING (HEADING: PL 1985, C. 801, §5 (NEW))

Article 4: EXPENSE FUND (HEADING: PL 1985, C. 801, §5 (NEW))

§17302. Administration of fund

1. Payment. Biennially the board shall estimate the amount of money which is deemed necessary to be paid into the Expense Fund during the upcoming biennium to provide for the expenses of operation of the retirement system and the State shall pay that amount to the Expense Fund for that purpose.

[ 1985, c. 801, §§ 5, 7 (NEW) .]

2. Unexpended balance. Any unexpended balance may not lapse but shall constitute a continuous carrying account.

[ 1985, c. 801, §§ 5, 7 (NEW) .]

SECTION HISTORY

1985, c. 801, §§5,7 (NEW).