Maine Expense Limitation Agreement

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9176
• Format: Word; Rich Text

Description

Expense Limitation Agreement between Garnder Lewis Investment Trust and Garnder Lewis Aset Management, Inc. dated February 28, 1999. 4 pages Maine Expense Limitation Agreements are legal documents that aim to control and restrict the expenditures of individuals, organizations, or government bodies in the state of Maine. These agreements are established to ensure responsible financial management, prevent excessive spending, and maintain fiscal discipline. Expense Limitation Agreements in Maine can be categorized into two main types: 1. Individual Expense Limitation Agreement: This refers to an agreement signed between an individual and a financial institution or creditor to limit their personal expenses. It may involve setting specific spending limits on credit cards, loans, or other forms of financial arrangements. The purpose of this agreement is to help individuals maintain financial stability, prevent overspending, and manage their debts effectively. 2. Government Expense Limitation Agreement: This type of agreement is entered into by government entities or bodies within the state of Maine to regulate their budgetary expenditures and control public spending. These agreements are usually established to address budget deficits, reduce wasteful spending, and ensure budgetary discipline within public administration. They may involve limitations on specific budget categories, such as salaries, infrastructure development, healthcare, education, or maintenance. Maine Expense Limitation Agreements are governed and enforced by applicable state laws and regulations. The agreements typically outline the specific limitations, the duration for which they are applicable, and the consequences of non-compliance. They may also include provisions for periodic reviews, necessary adjustments, or modifications to the limitations based on changing economic conditions, financial needs, or priorities. These agreements promote financial prudence and accountability, helping individuals and government entities in Maine manage their finances responsibly. They are designed to ensure that financial resources are allocated effectively, prioritize essential needs, and prevent unnecessary fiscal burdens. Compliance with Expense Limitation Agreements helps maintain transparency, build trust, and safeguard the financial stability and well-being of individuals and the state as a whole.

Maine Expense Limitation Agreements are legal documents that aim to control and restrict the expenditures of individuals, organizations, or government bodies in the state of Maine. These agreements are established to ensure responsible financial management, prevent excessive spending, and maintain fiscal discipline. Expense Limitation Agreements in Maine can be categorized into two main types: 1. Individual Expense Limitation Agreement: This refers to an agreement signed between an individual and a financial institution or creditor to limit their personal expenses. It may involve setting specific spending limits on credit cards, loans, or other forms of financial arrangements. The purpose of this agreement is to help individuals maintain financial stability, prevent overspending, and manage their debts effectively. 2. Government Expense Limitation Agreement: This type of agreement is entered into by government entities or bodies within the state of Maine to regulate their budgetary expenditures and control public spending. These agreements are usually established to address budget deficits, reduce wasteful spending, and ensure budgetary discipline within public administration. They may involve limitations on specific budget categories, such as salaries, infrastructure development, healthcare, education, or maintenance. Maine Expense Limitation Agreements are governed and enforced by applicable state laws and regulations. The agreements typically outline the specific limitations, the duration for which they are applicable, and the consequences of non-compliance. They may also include provisions for periodic reviews, necessary adjustments, or modifications to the limitations based on changing economic conditions, financial needs, or priorities. These agreements promote financial prudence and accountability, helping individuals and government entities in Maine manage their finances responsibly. They are designed to ensure that financial resources are allocated effectively, prioritize essential needs, and prevent unnecessary fiscal burdens. Compliance with Expense Limitation Agreements helps maintain transparency, build trust, and safeguard the financial stability and well-being of individuals and the state as a whole.