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reconsideration, in whole or in part, or may deny a request | | for reconsideration. |
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| | | D.__Any responsible party may appeal a decision on | | reconsideration to the Superior Court, Kennebec County, | | pursuant to Title 5, section 8058, within 30 days of the | | date of the board's decision on reconsideration.__An appeal | | under this paragraph is nontestimonial.__The record consists | | solely of written materials reviewed by the board and its | | decision on reconsideration.__The Superior Court shall issue | | its decision within 45 days of the date of filing of the | | appeal. |
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| | | 8.__Staff.__The board shall retain independent counsel to be | | paid out of the fund.__The authority shall provide the board with | | staff and clerical assistance, including such computer services | | as the board may require, to be paid out of the fund.__The chief | | executive officer of the authority shall cause a record of the | | proceedings of the board to be maintained.__Records and | | proceedings of the board are subject to Title 1, chapter 13, | | subchapter I. |
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| | | 9.__Rules.__The board shall adopt rules necessary to | | effectuate this subchapter.__Rules adopted by the board under | | this subchapter are routine technical rules pursuant to Title 5, | | chapter 375, subchapter II-A. |
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| | | Sec. 5. 10 MRSA §1053, sub-§6, as repealed and replaced by PL 1997, c. | | 781, §1, is amended to read: |
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| | | 6. Securities outstanding. The principal amount of revenue | | obligation securities the authority may have outstanding at any | | one time, to which subsection 5 is stated to apply in the trust | | agreement or other document, may not exceed an aggregate | principal amount equal to $657,000,000 |
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| | | A. The sum of $330,000,000 consisting of not more than | | $275,000,000 for loans and up to $55,000,000 for use of bond | | proceeds to fund capital reserve funds for revenue | | obligation securities issued pursuant to this subchapter | | relating to loans for electric rate stabilization projects; |
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| | | B. The sum of $120,000,000 consisting of not more than | | $100,000,000 for loans and up to $20,000,000 for use of bond | | proceeds to fund capital reserve funds for revenue | | obligation securities issued pursuant to this subchapter | | relating to loans for major business expansion projects; |
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| | | C. The sum of $57,000,000 consisting of not more than | | $45,000,000 for loans and up to $12,000,000 for use of bond |
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