| | | (1)__One representative of elderly people taken from | | nominations by an organization representing the | | elderly; |
|
| | | (2)__One representative of an organization that | | provides legal assistance to low-income people and that | | has significant knowledge of public assistance | | programs; |
|
| | | (3)__Two representatives of community action programs; |
|
| | | (4)__Two representatives of low-income families, as | | nominated by an organization comprised primarily of | | low-income people; and |
|
| | | (5)__Three persons knowledgeable in residential energy | | usage or utility affairs. |
|
| | | 8.__Annual report.__Annually, the authority shall make a | | reasonable estimate of whether the combined principal and income | | from the fund will be sufficient to meet the reasonably | | anticipated cost of the low-income assistance program for the | | ensuing program year, taking into account factors that include, | | but are not limited to, the number of households enrolled, the | | number projected to be enrolled, the state economy, the price of | | electricity and projected principal and income from the fund.__ | | The authority shall report its findings to the LIECTAB, which may | | make recommendations to the authority based upon this | | information. |
|
| | | 9.__Depletion of principal.__The authority may not authorize | | an appropriation that would deplete the base level of the trust's | | principal to less than the initial investment established | | pursuant to subsection 4, paragraph A. |
|
| | | If the authority determines that the money available from the | | trust will be insufficient to meet the program costs for the | | remainder of the following program year, it may petition the | | commission to assess transmission and distribution utilities the | | amount necessary to sufficiently fund the program.__The | | assessment is recoverable in the rates of the transmission and | | distribution utilities. |
|
| | | 10.__Rules.__The commission and the authority shall adopt | | rules necessary to implement this section.__Rules adopted under | | this section are routine technical rules pursuant to Title 5, | | chapter 375, subchapter II-A. |
|
| | | This bill establishes a nonlapsing trust fund to finance a | | statewide low-income electric assistance program using the Maine | | corporate income taxes derived from the sale of electric | | utilities' generation-related assets. Transmission and |
|
|
