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conservation programs and wind energy projects as specified in | | subsection 5-B. |
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| | | A. The commission shall deposit all assessments collected | | pursuant to this section, other than funds deposited in the | | administration fund, into the program fund. |
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| | | B. Any interest earned on funds in the program fund must be | | credited to the program fund. |
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| | | C. Funds not spent in any fiscal year remain in the program | | fund to be used for conservation programs and wind energy | | projects as specified in subsection 5-B. |
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| | | D. The commission may apply for and receive grants from | | state, federal and private sources for deposit in the | | program fund and also may deposit in the program fund any | | grants or other funds received by or from any entity with | | which the commission has an agreement or contract pursuant | | to this section if the commission determines that receipt of | | those funds would be consistent with the purposes of this | | section. If the commission receives any funds pursuant to | | this paragraph, it shall establish a separate account within | | the program fund to receive the funds and shall keep those | | funds and any interest earned on those funds segregated from | | other funds in the program fund. |
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| | | Sec. 5. 35-A MRSA §3211-A, sub-§5-B is enacted to read: |
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| | | 5-B.__Support for wind energy projects.__Notwithstanding any | | other provision of this section, the commission may provide up to | | $2,000,000 per year to the Finance Authority of Maine for use | | pursuant to Title 10, section 1100-Z. |
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| | | Sec. 6. 35-A MRSA §3402, as enacted by PL 2003, c. 665, §3, is | | amended to read: |
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| | | §3402. Legislative findings |
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| | | The Legislature finds that it is in the public interest to | | explore opportunities for and encourage the development, where | | appropriate, of wind energy production in the State in a manner | | that is consistent with high environmental standards and that | | achieves reliable, cost-effective, sustainable energy production | | on those sites in the State that will attract investment and | | permit the development of viable wind energy projects. The | | Legislature finds that the development of the wind energy | | potential in the State needs to be integrated into the existing | | energy supply and transmission systems in a way that achieves | | system reliability, total capital cost-effectiveness and optimum |
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