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An Act To Increase the Ability of the Maine Wage Assurance Fund To Pay Unpaid Workers
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 26 MRSA §632, sub-§3,  as enacted by PL 1979, c. 202, §1, is amended to read:
 
3. Amount in fund.   The Maine Wage Assurance Fund shall beis a nonlapsing, revolving fund limited to a maximum of $100,000$200,000. All moneysmoney collected from an employer pursuant to a claim for unpaid wages by an employee who has received payment from the fund, or by the State as histhe employee's subrogee, shall beis credited to the fund.
 
The fund shallmust be established and augmented periodically as necessary.
 
MoneysMoney in the fund not needed currently to meet claims against the fund shallmust be deposited with the Treasurer of State to be credited to the fund and may be invested in such manner as is provided for by statute. Interest received on that investment shallmust be credited to the Maine Wage Assurance Fund.
§632. Information to be furnished to railroad employees
(As enacted by PL 1979, c. 287 is REALLOCATED TO TITLE 26, SECTION 633)
 
SUMMARY
This bill increases the amount that may be held in the Maine Wage Assurance Fund from $100,000 to $200,000.