An Act To Establish a Private Support Organization for the Maine Commission for Community Service
Sec. 1. 5 MRSA §7505 is enacted to read:
§ 7505. Private support organization
The commission's private support organization must be organized and operated exclusively to receive, hold, invest and administer property and funds and to make expenditures to and for the benefit of the commission.
The memorandum of understanding must further stipulate the reversion to the commission, or to the State if the commission ceases to exist, of money and property held in trust by the private support organization if the private support organization is no longer designated by the commission pursuant to subsection 1.
This bill directs the Maine Commission for Community Service to designate a nonprofit corporation as the private support organization for the commission to support the commission's work. The private support organization would be formed exclusively to receive, hold, invest and administer property and funds and to make expenditures to and for the benefit of the commission.