01- 670 C.M.R. ch. 10, § 1-3

Current through 2024-51, December 18, 2024
Section 670-10-1-3 - FUNDING
1. The Bureau's goal at the end of each fiscal year is to carry a cash balance in the Snowmobile Trail Fund (STF) that is equivalent to 10% of revenue (actual revenue averaged for the past three years).
2. Any funds carried over that exceed the STF target of 10% of revenue, will be transferred and allocated to the disaster relief grants-in-aid fund to a maximum $100,000, if approved by the Bureau's administration.
3. In any year that the STF carry forward balance does not meet the 10% target described above, no money will be transferred into the disaster relief grant program fund.
4. The Snowmobile Advisory Council ("Council") will recommend the amount of funds available for disaster relief grants-in-aid by August 15th each year. That amount cannot exceed $100,000.
5. Any funds that are allocated to the disaster relief grants-in-aid fund but not spent during the fiscal year, will carry forward into the next fiscal year.
6. In any year in which the disaster relief grants-in-aid fund retains $100,000 and the balance carried over in the STF exceeds the target of 10% of revenue, those excess funds will be used to increase the amount available for club and municipal trail grants administered under Title 12, M.R.S.A., Chapter 220, Section 1893-3.

01- 670 C.M.R. ch. 10, § 1-3