Sec. 1. 5 MRSA §12004-I, sub-§18-A, as corrected by RR 1993, c. 1, §13, is repealed.

Sec. 2. 10 MRSA §963-A, sub-§31-A, as amended by PL 1999, c. 504, §8, is further amended to read:

31-A. Major business expansion project. "Major business expansion project" means any building, structure, system, machinery, equipment or facility proposed to be constructed, developed, rehabilitated, expanded, modernized or acquired in the State by a business entity that has a projected cost of $1,000,000 or more, that is projected to result in a net gain of at least 50 job opportunities within the State or the retention of at least 50 jobs, directly or indirectly, and that benefits from financing assistance from the authority including use of a capital reserve fund pursuant to section 1053. A major business expansion project does not include electric rate stabilization projects or projects primarily involved in the provision of housing or retail sales to consumers.

Sec. 3. 10 MRSA §963-A, sub-§51-A, as enacted by PL 1997, c. 489, §5, is amended to read:

51-A. Wartime veteran. "Wartime veteran" means any person who served in the United States Armed Forces during any federally recognized period of conflict as defined in Title 37-B, section 504, subsection 4, paragraph A-1, subparagraph (3) or was eligible for an Armed Forces Expeditionary Medal or campaign medal, who is certified to be a wartime veteran by the Bureau of Maine Veterans' Services and was not dishonorably discharged. A veteran of the Vietnam War must have served on active duty for a period of more than 90 days unless that veteran was discharged for a service-connected disability, and any part of that active duty service occurred after December 22, 1961 and before May 7, 1975.

Sec. 4. 10 MRSA §964, sub-§2, as amended by PL 1989, c. 698, §4, is further amended to read:

2. Divisions. The Finance Authority of Maine shall contain contains such divisions as may be of assistance to implement the programs and perform the duties as defined in this chapter and as required by the authority. The divisions shall include:

A. The Division of Maine Business Development;

B. The Division of Natural Resources Financing and Marketing;