Sec. 6. 5 MRSA §13120-B, sub-§1, as enacted by PL 2001, c. 703, §6, is 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.

Sec. 7. 5 MRSA §13120-B, sub-§5, as enacted by PL 2001, c. 703, §6, is repealed.

Sec. 8. 5 MRSA §13120-B, sub-§11 is enacted to read:

11.__Speculative industrial building.__"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. 9. 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. 10. 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

(2) The Chief Executive Officer of the Finance Authority of Maine or the chief executive officer's designee.

Sec. 11. 5 MRSA §13120-I, sub-§1, as amended by PL 2003, c. 281, §4, is further amended to read:

1. Authorization. The authority may provide by resolution for the issuance of bonds for the purpose of funding the Community Speculative Industrial Buildings Fund, or any successor to the fund, for the construction of proposed commercial facilities and improvement of existing or acquired commercial facilities and for the fulfillment of other undertakings that it