Code of Maine Rules 28 - DEPARTMENT OF THE TREASURY
Code of Maine Rules – Title 28: DEPARTMENT OF THE TREASURY
The Code of Maine Rules (CMR) Title 28 pertains to the Department of the Treasury, which oversees the management and safeguarding of Maine’s public funds, unclaimed property, and various state financial operations. While the specific chapters and sections within Title 28 vary, they generally include rules relating to:
Common Areas Covered in Title 28:
Unclaimed Property Administration
Rules about how financial institutions and businesses report unclaimed funds.
Claim procedures for rightful owners.
Audits and penalties for non-compliance.
Cash Management Policies
Guidelines for handling state funds and accounts.
Investment of idle funds.
Abandoned Property
Timeframes and criteria for abandonment.
Notification processes.
Reporting and Compliance
Deadlines and formats for entities required to report to the Treasury.
Recordkeeping obligations.
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