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section 138, except that the securities in which the trust | | money is invested must remain part of the trust until | | exchanged for other securities and the income from all | | investments must remain a part of the trust unless prohibited | | by federal law. |
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| | | 5.__Report, amendment and termination of trust.__The | | department shall file a report as follows. |
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| | | A.__The department shall report to the Legislature on a | | biennial basis concerning the activities of the trust. |
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| | | B.__In the event the department determines that the | | provisions of the trust should be amended, the department | | shall make appropriate recommendations to the Legislature in | | its biennial report. |
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| | | C.__The department may recommend in its biennial report that | | the trust be terminated if termination is determined to be | | appropriate.__In the event that the Legislature terminates | | the trust, the principal and operating funds must be | | disbursed in a manner consistent with the purpose of the | | trust. |
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| | | Sec. 2. Transfer of funds. Notwithstanding any other provision of | | law, on or before October 1, 2006, the State Controller shall | | transfer $25,000 from the unappropriated surplus of the General | | Fund to the Maine Coast Environmental Trust Fund account as | | established pursuant to the Maine Revised Statutes, Title 12, | | section 6136. |
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| | | Sec. 3. Appropriations and allocations. The following appropriations and | | allocations are made. |
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| | | MARINE RESOURCES, DEPARTMENT OF |
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| | | Maine Coast Environmental Trust Fund |
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| | | Initiative: Provides funds to restore the clam flats in Stockton | | Harbor. |
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| | | OTHER SPECIAL REVENUE FUNDS | 2005-06 | 2006-07 |
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| | | OTHER SPECIAL REVENUE FUNDS TOTAL | $0 | $25,000 |
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| | | See title page for effective date. |
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