5 §452. Mining Excise Tax Trust Fund

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES

Part 1: STATE DEPARTMENTS

Chapter 18: MINING EXCISE TAX TRUST FUND HEADING: PL 1981, C. 711, §2 (NEW)

§452. Mining Excise Tax Trust Fund

There is created a separate trust fund to be known as the Mining Excise Tax Trust Fund, referred to in this chapter as the "fund," to replace the loss to the State of a nonrenewable natural resource, to protect the State's environment and to protect municipalities from any adverse impact resulting from mining of metallic minerals. [1991, c. 799, §2 (AMD).]

1. Nonlapsing fund. The fund may not lapse.

[ 1991, c. 799, §2 (AMD) .]

2. Investment. The Treasurer of State shall invest the fund in accordance with section 138.

[ 1981, c. 711, §2 (NEW) .]

3. Principal limit.

[ 1991, c. 799, §2 (RP) .]

SECTION HISTORY

1981, c. 711, §2 (NEW). 1991, c. 799, §2 (AMD).