It transfers funds that have revolved back into the Economic Recovery Program Fund to the Maine Economic Development Venture Capital Revolving Investment Program Fund.

Part C appropriates funds to the Department of Economic and Community Development for an information technology manager to work with the Maine Business Works program.

Part D appropriates funds to the Department of Economic and Community Development to allow the department to contract with a field representative to serve in a currently underserved and economically depressed area.

Part E directs the Maine Rural Development Council to provide advocacy for the social and economic needs of rural Maine communities and to develop community capacity building projects, and it appropriates $125,000 to the council. The Maine Rural Development Council is a quasi-independent state agency whose members are representatives from intergovernmental and interagency associations concerning rural development issues.

Part F establishes the Maine Microenterprise Initiative Fund in the Department of Economic and Community Development. The department will give grants from the fund to community-based organizations providing training and technical assistance to microenterprises. Priority consideration will be given to grant applications that are joint applications or target low-income individuals or areas of high unemployment. The department is required to adopt rules to establish grant application procedures and criteria. The bill appropriates from the General Fund a nonlapsing $1,000,000 to the Maine Microenterprise Initiative Fund.

Part G establishes the Regional Economic Development Assistance Fund in the Department of Economic and Community Development. The department will award grants from the fund to nonprofit community organizations providing local or regional economic development programs. The bill appropriates $500,000 from the General Fund to the fund.

Part H amends the law creating the Agricultural Products Utilization Commission by authorizing the commission to identify issues related to the development of agriculturally derived fuel industries in Maine, to identify agriculturally derived fuel development programs and to analyze the potential for agriculturally derived fuel production in Maine. It also adds the chief executive officer of the Finance Authority of Maine to