Sec. N-2. 20-A MRSA §15905, sub-§1, ķA, as amended by PL 2001, c. 439, Pt. OOOO, §1, is further amended to read:

A. The state board may approve projects as long as no project approval will cause debt service costs, as defined in section 15603, subsection 8, paragraph A, to exceed the maximum limits specified in Table 1 in subsequent fiscal years.

Table 1

Fiscal year Maximum Debt Service Limit

1990 $ 48,000,000

1991 $ 57,000,000

1992 $ 65,000,000

1993 $ 67,000,000

1994 $ 67,000,000

1995 $ 67,000,000

1996 $ 67,000,000

1997 $ 67,000,000

1998 $ 67,000,000

1999 $ 69,000,000

2000 $ 72,000,000

2001 $ 74,000,000

2002 $ 74,000,000

2003 $ 80,000,000

2004 $ 80,000,000

2005 $ 84,000,000

2006 $ 90,000,000

2007 $ 96,000,000

2008 $100,000,000

2009 $104,000,000

Sec. N-3. Clarification of lease-purchase for replacement of Carpenter buses authorized by Resolve 2003, chapter 92, Part B. The Department of Education shall provide subsidy to support the purchase of Carpenter replacement buses for Boothbay-Boothbay Harbor, Baileyville and Hancock at a level equal to the level provided for all other school administrative units that have been approved for funding through the Carpenter bus special replacement program. The state share must be calculated as if the unit's program cost has exceeded the circuit breaker for that unit's program cost. Thus, the state share of the purchase is 100% of the Department of Education- approved purchase price minus