§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.
[PL 1991, c. 799, §2 (AMD).]
1.
Nonlapsing fund.
The fund may not lapse.
[PL 1991, c. 799, §2 (AMD).]
2.
Investment.
The Treasurer of State shall invest the fund in accordance with section 138.
[PL 1981, c. 711, §2 (NEW).]
3.
Principal limit.
[PL 1991, c. 799, §2 (RP).]
SECTION HISTORY
PL 1981, c. 711, §2 (NEW). PL 1991, c. 799, §2 (AMD).