LD 1319
pg. 297
Page 296 of 423 An Act Making Unified Appropriations and Allocations for the Expenditures of St... Page 298 of 423
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LR 2000
Item 1

 
Sec. T-2. 4 MRSA §8-A, sub-§2, as enacted by PL 1981, c. 241, is
amended to read:

 
2. Unclaimed property. To provide, after reasonable notice
to interested parties or their attorneys, for the transfer to
the Treasurer of State for disposition as abandoned unclaimed
property in the manner provided by Title 33, sections 1357
1958 and 1358 1959 of property in the possession or custody of
the courts of this State as a result of civil or criminal
litigation.

 
Sec. T-3. 5 MRSA §135, as amended by PL 1999, c. 401, Pt. HHH,
§1, is further amended to read:

 
§135. Deposit of state funds; limitations

 
The Treasurer of State may deposit the money, including
trust funds of the State, in any of the national bank or in
any banking institutions or institution, trust companies or
company, state or federal savings and loan associations
association or mutual savings banks bank organized under the
laws of this State or in any national bank or banks or state
or federal savings and loan associations located in the State,
having a location in the State except as provided in chapter
161. Before making a deposit, the Treasurer of State must
consider the rating of the banking institution, trust company,
state or federal savings and loan association or mutual
savings bank on its most recent assessment conducted pursuant
to the federal Community Reinvestment Act, 12 United States
Code, Section 2901. When there is excess money in the State
Treasury that is not needed to meet current obligations, the
Treasurer of State may invest, with the concurrence of the
State Controller or the Commissioner of Administrative and
Financial Services and with the consent of the Governor, those
amounts in bonds, notes, certificates of indebtedness or other
obligations of the United States and its agencies and
instrumentalities that mature not more than 24 36 months from
the date of investment or in repurchase agreements secured by
obligations of the United States and its agencies and
instrumentalities that mature within the succeeding 24 36
months, prime commercial paper, tax-exempt obligations and
corporate bonds rated "AAA" that mature not more than 36
months from the date of investment, banker's acceptances or
shares of an investment company registered under the federal
Investment

 
Company Act of 1940, whose shares are registered under the
United States Securities Act of 1933 marketed through so-
called "no-load" money market mutual funds that maintain a
constant share price, only if the investments of the
investment company
are limited to obligations of the United States or any agency
or instrumentality, corporate or otherwise, of the United
States or repurchase agreements secured by obligations of the
United States or any agency or instrumentality, corporate or
otherwise, of the


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