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Maine Revised Statutes Title 34-B. Behavioral and Developmental Services § 1231. Self-sufficiency trust fund

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Trust established. There is created the Self-sufficiency Trust Fund. The State Treasurer, ex officio, is the custodian of the trust fund and the comptroller shall direct payments from the trust fund upon vouchers properly certified by the Commissioner of Health and Human Services. The treasurer shall credit interest on the trust fund to the trust fund and the commissioner shall allocate that interest pro rata to the respective accounts of the named beneficiaries of the trust fund.

A. For the purposes of this section, the term “self-sufficiency trust” means a trust created by a nonprofit corporation which is a 501-C-3 organization under the United States Internal Revenue Code of 1954  1 and which was organized under the Nonprofit Corporation Act, Title 13-B, for the purpose of providing for the care or treatment of one or more developmentally disabled persons or persons otherwise eligible for department services.

2. Rules. The department shall adopt these rules and procedures under the Maine Administrative Procedure Act, Title 5, chapter 375,  2 as may be necessary or useful for the administration of the trust fund.

1 26 U.S.C.A. § 1 et seq.
2 5 M.R.S.A. § 8001 et seq.
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Cite this article: FindLaw.com - Maine Revised Statutes Title 34-B. Behavioral and Developmental Services § 1231. Self-sufficiency trust fund - last updated January 01, 2025 | https://codes.findlaw.com/me/title-34-b-behavioral-and-developmental-services/me-rev-st-tit-34-b-sect-1231/

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