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exceed $9,000,000 outstanding at any one time for preliminary | | planning costs and capital repairs and improvements at various | | state facilities. |
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| | | Sec. F-2. Maine Governmental Facilities Authority; issuance of securities. Pursuant | | to the Maine Revised Statutes, Title 4, section 1606, subsection | | 2 and section 1610-D, and notwithstanding the limitation | | contained in Title 4, section 1606, subsection 2 regarding the | | amount of securities that may be issued, the Maine Governmental | | Facilities Authority is authorized to issue securities in its own | | name in an amount up to $9,000,000 for the purpose of paying the | | cost, including preliminary planning costs, including but not | | limited to needs assessments and space planning, master planning, | | capital asset assessments, concept design, design development and | | final design including construction drawings, associated with | | capital repairs and improvements to state-owned facilities | | throughout the State as designated by the Commissioner of | | Administrative and Financial Services. |
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| | | Sec. F-3. Proceeds. The proceeds from the sale of the securities | | issued by the Maine Governmental Facilities Authority pursuant to | | the Maine Revised Statutes, Title 4, section 1610-D must be | | expended for preliminary planning costs and capital repairs and | | improvements to state-owned facilities. |
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| | | Sec. G-1. 36 MRSA §4641-B, sub-§4, as amended by PL 2003, c. 20, Pt. | | V, §1, is further amended to read: |
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| | | 4. Distribution of State's share of proceeds. The State Tax | | Assessor shall pay all net receipts received pursuant to this | | section to the Treasurer of State, and shall at the same time | | provide the Treasurer of State with documentation showing the | | amount of revenues derived from the tax imposed by section 4641- | | A, subsection 1 and the amount of revenues derived from the tax | | imposed by section 4641-A, subsection 2. The Treasurer of State | | shall credit 1/2 of the revenues derived from the tax imposed by | | section 4641-A, subsection 1 to the General Fund and shall | | monthly pay the remaining 1/2 of such revenues to the Maine State | | Housing Authority, which shall deposit the funds in the Housing | | Opportunities for Maine Fund created in Title 30-A, section 4853, | except that in fiscal year 2003-04 and | | fiscal year 2005-06 and fiscal year 2006-07, $7,500,000 of the | | remaining 1/2 of those revenues must be transferred to the | | General Fund before any payments are made to the Maine State | | Housing Authority. The Treasurer of State shall credit to the |
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