Sec. CC-3. Application. Those sections of this Part that amend the Maine Revised Statutes, Title 36, sections 2513 and 2515 apply to all tax periods that are still open for purposes of assessment or for administrative and judicial review.

PART DD

Sec. DD-1. 10 MRSA §1100-Y, sub-§2, ķA, as enacted by PL 2001, c. 700, §1, is amended to read:

A. For initial certification, the organization must be a private, nonprofit organization that is qualified under Section 501(c)(3) of the Internal Revenue Code, that has as one of its purposes the provision of need-based scholarships to eligible students, that meets the standards adopted by the authority by rule under subsection 7, that files reports as required by this section and that:

(1) Is affiliated with and designated by an accredited institution of higher education in this State; or

(2) Has filed as a nonprofit corporation with the Secretary of State on or before April 1, 2002 2004 and remains continues as a nonprofit corporation in good standing with the Secretary of State.

Sec. DD-2. 10 MRSA §1100-Y, sub-§7, as enacted by PL 2001, c. 700, §1, is amended to read:

7. Rulemaking. The authority, after consultation with the Bureau of Revenue Services, shall establish rules for the application, eligibility and annual filing requirements necessary to implement the certification of qualified scholarship organizations pursuant to this section and may include any rules necessary to establish initial application fees and penalties, which may include monetary penalties and revocation of certification, to ensure that a qualified scholarship organization is fulfilling the requirements of this section. These rules may also include any necessary conflict-of-interest provisions pertaining to qualified scholarship organizations. The authority shall also establish any rules necessary to define postsecondary education loans that are eligible for the recruitment credits provided under Title 36, sections 2528 and 5219-V. Rules adopted pursuant to this subsection, including