Sec. 9. 32 MRSA §12251, sub-§4, as enacted by PL 1987, c. 489, §2, is amended to read:

4. Out-of-state certificates; public accountants. The board shall issue a permit to a holder of a certificate as a public accountant issued by another state upon showing that:

A. The applicant passed the examination required for issuance of his the certificate with grades that would have been passing grades at the time in this State;

B. The applicant:

(1) Meets all current requirements in this State for issuance of a certificate at the time the application is made;

(2) At the time of the issuance of the applicant's certificate in the other state, met all the requirements then applicable in this State; or

(3) Had 4 years of experience in the practice of public accountancy or equivalent meeting requirements prescribed by the board by rule, after passing the examination upon which his the certificate was based and within the 10 years immediately preceding his the application; and

C. The applicant meets the requirements of subsection 3, paragraph B.

Sec. 10. 32 MRSA §12251, sub-§4-A is enacted to read:

4-A.__Out-of-state certificates; certified public accountants; substantial equivalency.__The board shall issue a permit to a holder of a certificate as a certified public accountant issued by another state if the applicant shows that the applicant:

A.__Is eligible under the substantial equivalency standard authorized pursuant to section 12228, subsection 12.__The holder of a permit issued under this section may engage in