LD 1614
pg. 156
Page 155 of 234 PUBLIC Law Chapter 451 Page 157 of 234
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LR 1999
Item 1

 
3. Source of fund. The loan fund shall be is established and
maintained by funds received from the following:

 
A. Repayments of loans made by the loan fund and accrued
interest on those loans;

 
B. Interest, income and dividends from investments made by
the Treasurer of State under subsection 1; and

 
C. Payments pursuant to subparagraph (1).

 
(1) The commissioner shall assess a levy based on the
total actual workers' compensation premiums paid in
1984 by employers under former Title 39, the Workers'
Compensation Act or under Title 39-A, Part 1, the Maine
Workers' Compensation Act of 1992. As soon as
practicable after July 1, 1985, the commissioner shall
assess upon and collect from each insurance carrier
licensed to do workers' compensation business in the
State an amount equal to 1/2 of 1% of the total
workers' compensation insurance premiums paid to that
insurance carrier during 1984 by employers in the
State. The levy assessment constitutes an element of
loss for the purpose of establishing rates for workers'
compensation insurance.

 
(a) The Commissioner of Labor shall send notice of
the assessments by certified mail to each carrier
and self-insured employer. Payment of assessments
must be received in the principal office of the
Department of Labor before a date specified in the
notice, but not more than 90 days after the date
of the mailing.

 
Sec. O-2. 26 MRSA §63, first ¶, as amended by PL 2001, c. 398, Pt. B,
§3, is further amended to read:

 
The department may administer a statewide program to make low
interest low-interest loans, interest rate subsidies for loans
and to make grants to improve safety and promote healthful
working conditions in factories, workshops and workplaces in this
State. This program is known as the Occupational Safety Loan
Program.

 
Sec. O-3. 26 MRSA §63, sub-§1, as amended by PL 1991, c. 93, §3, is
further amended to read:

 
1. Criteria for loans and loans receiving interest rate
subsidies. The department shall promulgate adopt rules to


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