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| 1. Fund established. The Wells and Plymouth Waste Oil Clean-up | Fund, referred to in this section as the "fund," is established | under the jurisdiction and control of the authority. |
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| | 2. Sources of money. The following money must be paid into | the fund: |
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| A. All money appropriated for inclusion in the fund or | appropriated to the authority for use in providing financial | assistance to responsible parties as defined in section 963- | A, subsection 47-A, subject to any restrictions applicable | to the appropriation; |
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| B. Subject to any pledge, contract or other obligation, all | interest, dividends or other pecuniary gains from investment | of money of the fund; |
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| C. Subject to any pledge, contract or other obligation any | money the authority receives in repayment of advances from | the fund; |
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| D. Money transferred from the available balance in the | Underground Oil Storage Replacement Fund, subject to the | limitations of section 1024-A; |
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| E. Money transferred from the available balance in the | Maine Rainy Day Fund pursuant to Title 5, section 1513, | subsection 1-P; and |
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| F. Any other money available to the authority and directed | by the authority to be paid into the fund. |
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| | 3. Eligibility to participate in loan program. The authority | may use money in the fund to carry out any power of the authority | under this section or under section 1026-R, including, but not | limited to, the pledge or transfer and deposit of money in the | fund as security for and the application of money in the fund in | payment of principal, interest and other amounts due on insured | loans. Money in the fund may be used for direct loans or | deferred loans for all or part of the waste oil disposal site | clean-up project when the authority determines that: |
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| A. The applicant is determined to be a responsible party | with respect to the waste oil disposal site and the | applicant is domiciled or has a principal place of business | in the State; |
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| B. If the applicant is not a unit of local government, the | applicant demonstrates financial need for the assistance; |
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