Sec. 1. 7 MRSA §435, sub-§2, ¶F is enacted to read:

F.__An agricultural marketing loan for a start-up agricultural business or a business engaged in ethanol production or processing may be for an amount up to 80% of the total cost of the project, as long as the remaining 20% of the project cost is provided by the applicant or a financial institution.

Sec. 2. 10 MRSA §384, sub-§1, as enacted by PL 1995, c. 699, §3, is amended to read:

1. Establishment; membership. There is established the Small Enterprise Growth Board, which consists of 11 12 members appointed by the Governor as follows:

A. An experienced commercial lender;

B. An attorney with knowledge of securities law;

C. Five members of the public who have knowledge and experience in managing or investing in high-growth small businesses;

D. Three members of the public who have knowledge and experience in the development of technological innovation and or knowledge of natural resources;

E. The Commissioner of Economic and Community Development or the commissioner's designee, who shall serve as a voting ex officio member of the board.; and

F.__The Commissioner of Agriculture, Food and Rural Resources or the commissioner's designee, who shall serve as a voting ex officio member of the board.

Sec. 3. 10 MRSA §386, sub-§1, ¶H, as enacted by PL 1995, c. 699, §3, is amended to read:

H. Production or processing of value-added goods from natural resources including ethanol processing facilities; or

Sec. 4. 10 MRSA §386, sub-§2, as enacted by PL 1995, c. 699, §3, is amended to read:

2. Growth; public benefit. The qualifying small business must demonstrate the potential for high growth and public benefit except for those enterprises engaged in production or processing of value-added goods from natural resources or ethanol processing.