LD 1818
pg. 1
LD 1818 Title Page An Act To Amend the Economic Development Laws Page 2 of 14
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LR 2621
Item 1

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

 
Sec. 1. 5 MRSA §3327, sub-§1, ¶G, as amended by PL 2003, c. 9, §1, is
further amended to read:

 
G. The Commissioner of Economic and Community Development
or the commissioner's designee;

 
Sec. 2. 5 MRSA §13033, as amended by PL 2001, c. 142, §2, is
further amended to read:

 
§13033. Membership

 
The commission consists of 7 members: the Chief Executive
Officer of the Finance Authority of Maine or the Chief Executive
Officer's designee; the Commissioner of Economic and Community
Development or the commissioner's designee; the District Director
of the United States Small Business Administration's Maine
District Office; and a designee from the administrative unit and
3 public members with expertise and knowledge in small business
and entrepreneurship, appointed by the commissioner.

 
Sec. 3. 5 MRSA §13120-B, sub-§§1 and 5, as enacted by PL 2001, c. 703,
§6, are amended to read:

 
1. Carrying costs. "Carrying costs" means reasonable costs
incurred for the maintenance, protection and security of a
community speculative industrial building prior to occupancy,
including, but not limited to, insurance, taxes and interest.

 
5. Speculative industrial building. "Community Speculative
industrial building" means a building of flexible design and
suitable for commercial use, for which the construction or
carrying costs or both are financed through this subchapter for
the purpose of creating new jobs in a municipality resulting from
the sale or lease of the building.

 
Sec. 4. 5 MRSA §13120-C, sub-§1, ¶A, as enacted by PL 2001, c. 703, §6,
is amended to read:

 
A. Community Speculative industrial building program,
pursuant to section 13120-N;

 
Sec. 5. 5 MRSA §13120-D, sub-§1, ¶B, as enacted by PL 2001, c. 703, §6,
is amended to read:

 
B. Two ex officio members:

 
(1) The Commissioner of Economic and Community
Development or the commissioner's designee; and


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