Sec. 1. 5 MRSA §13121, sub-§2, as enacted by PL 1987, c. 816, Pt. DD, §3, is repealed.

Sec. 2. 5 MRSA §13123-A, sub-§§16-A and 16-B are enacted to read:

16-A.__Maine Technology Institute.__Cooperate and consult with the Maine Technology Institute established in section 12004-G, subsection 33-D in the formulation of the Maine Technology Institute's programs and to ensure that a complementary system of support services is in place and available to companies and research laboratories receiving Maine Technology Institute funds;

16-B.__Maine Technology Capacity Fund.__Administer the Maine Technology Capacity Fund established in section 13131 to strengthen employment levels in the State by increasing science and technology investment, to support best practice studies and to develop or increase industry clusters of targeted technology sectors;

Sec. 3. 5 MRSA §13124, as amended by PL 1993, c. 410, Pt. E, §14, is repealed.

Sec. 4. 5 MRSA §13126, as amended by PL 1993, c. 410, Pt. E, §17, is further amended to read:

§13126. Powers and duties of president

The president shall implement the policies and procedures of the foundation and is responsible for the administration of its programs. The president may enter into contracts with individuals or firms with the approval of the foundation for services necessary to fulfill the responsibilities of this chapter. The president shall administer the centers for innovation program and may develop, administer and evaluate other programs and initiatives as required by the foundation. The president shall appoint and remove the staff of the office and prescribe their duties as may be necessary to implement the purposes of this chapter.

Sec. 5. 5 MRSA c. 387 is enacted to read:

CHAPTER 387

CENTERS FOR INNOVATION PROGRAM

§13141.__Centers for Innovation Program