APPROVED CHAPTER
JULY 27, 2023 483
BY GOVERNOR PUBLIC LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-THREE
_____
S.P. 835 - L.D. 2013
An Act to Address Abandoned Capital Credits Held by Rural Electrification
Cooperatives
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 33 MRSA §2061, sub-§12, as enacted by PL 2019, c. 498, §22, is amended
to read:
12. Deposit or refund owed by a utility. A deposit or refund, other than an
abandoned capital credit as defined in Title 35-A, section 3503, subsection 2, paragraph A,
owed to a subscriber by a utility, one year after the deposit or refund becomes payable;
Sec. 2. 35-A MRSA §3503, sub-§2, as amended by PL 1999, c. 398, Pt. A, §87
and affected by §§104 and 105, is repealed and the following enacted in its place:
2. Definitions. As used in this section, unless the context otherwise indicates, the
following terms have the following meanings.
A. "Abandoned capital credit" means a deposit or refund owed to a member of a rural
electrification cooperative as defined in section 3703, subsection 2 that is unclaimed
by the member one year after the deposit or refund becomes payable.
B. "Governing body" means the governing body of a consumer-owned transmission
and distribution utility.
Sec. 3. 35-A MRSA §3503, sub-§7 is enacted to read:
7. Abandoned capital credits. Abandoned capital credits must be used to provide
assistance to low-income households in accordance with section 3214.
Page 1 - 131LR2580(02)


Statutes affected:
Bill Text LD 2013, SP 835: 33.2061, 35-A.3503
Bill Text ACTPUB , Chapter 483: 33.2061, 35-A.3503