An Act To Allow the Towns of Mapleton, Castle Hill and Chapman To Deposit All Tax Revenues, Grant Revenues and Other Income and Revenues into One Depository Account
Maine Legislature, Session 122, LD 1694
Committee: State and Local Government
Sponsors: MARTIN

L('glslative Document 
No. 1694 
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S.P. b-t8 
In Senate, December 15, 2005 
An Act To Allow the Towns of Mapleton, Castle Hill and Chapman 
To Deposit All Tax Revenues, Grant Revenues and Other Income 
and Revenues into One Depository Account 
Approved for introduction by a majority of the Legislative Council pursuant to Joint Rule 
203. 
Received by the Secretary of the Senate on December 15,2005. Referred to the Committee 
on State and Local Government pursuant to Joint Rule 308.2 and ordered printed pursuant to 
Joint Rule 401. 
Presented by Senator MARTIN of Aroostook. 
JOY 1. O'BRIEN 
Secretary of the Senate 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 
Towns of l\1apleton, Castle Hill and Chapman authorized to 
create and maintain common depository account. The Town of Mapleton, Town 
of Castle Hill and TaWil 01 Chapman entered into an interlocal agreement in 1991 
pursuant to the Maine Revised Statutes, Title 30-A, chapter 115. In order for the towns to 
realize considerable cost savings and increased administrative efficiencies, the towns may 
create and maintain a common ownership depository account in the name of the 3 towns 
for the deposit of all tax revenues, grant revenues and other income and revenues 
received by the individual towns. This depository account is to be administered and used 
IOta pay both individual town and joint town operating expenses and costs. 
. .... 
The records of this depository account must be maintained at all times in such a 
manner as to allow each town's contributions and deposits into the depository account, 
along with each town's pro rata share of all income and interest generated by the 
depository account, to be calculated and determined. Only a specific town's revenues 
may be used to pay for its operating expenses and costs attributable to that specific town, 
whether individually or pursuant to the cost-sharing formula, as amended from time to 
time by the towns, as set out in the 1991 interlocal agreement. 
The funds deposited by each town into the depository account and the interest and 
income attributable to the funds of each town, for all purposes and at all times, remain the 
property of each individual town and are not, in any manner or for any reason 
whatsoever, available, attachable or subject to lien for the obligations of any kind, 
description or nature of the other 2 contributing towns. 
All other applicable statutory requirements relating to municipal depository accounts 
apply to the depository account created pursuant to this Act, and the depository account 
must be administered and the account records maintained in confonnity with generally 
accepted principles of municipal accounting. 
SUMMARY 
This bill authorizes the towns of Mapleton, Castle Hill and Chapman to create and 
maintain a common ownership depository account in the name of the 3 towns for the 
deposit of all tax revenues, grant revenues and other income and revenues received by the 
individual towns. 
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