LD 2071
pg. 1
LD 2071 Title Page An Act to Amend the Law Relating to Growth-related Capital Investments Page 2 of 2
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LR 3362
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 30-A MRSA §4301, sub-§5-B, as enacted by PL 1999, c. 776, §7,
is amended to read:

 
5-B. Growth-related capital investment. "Growth-related
capital investment" means investment by the State in only the
following projects, even if privately owned, whether using state,
federal or other public funds and whether in the form of a
purchase, lease, grant, loan, loan guarantee, credit, tax credit
or other financial assistance:

 
A. Construction or acquisition of newly constructed
multifamily rental housing;

 
B. Development of industrial or business parks;

 
C. Construction or extension of sewer, water and other
utility lines;

 
D. Grants and loans for public or quasi-public service
infrastructure, public or quasi-public facilities and
community buildings; and

 
E. Construction or expansion of state office buildings,
state courts, hospitals and other quasi-public facilities
and other state civic buildings that serve public clients
and customers.

 
"Growth-related capital investment" does not include investment
in the following: the operation or maintenance of a governmental
or quasi-governmental facility or program; the renovation of a
governmental facility that does not significantly expand the
facility's capacity; general purpose aid for education; school
construction or renovation projects; highway or bridge projects;
programs that provide direct financial assistance to individual
businesses; community revenue sharing; or public health programs.

 
Sec. 2. 30-A MRSA §4349-A, sub-§1, śC, as enacted by PL 1999, c. 776,
§10, is amended to read:

 
C. Areas other than those described in paragraph A or B for
the following projects:

 
(1) A project certified to the Land and Water
Resources Council established in Title 5, section 3331
by the head of the agency funding the project as
necessary to remedy a threat to public health or safety
or to comply with environmental cleanup clean-up laws;


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