| | Sec. E-1. 20-A MRSA §10952, sub-§7, as amended by PL 2003, c. 451, Pt. | NN, §1, is further amended to read: |
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| | 7. Borrow money. To borrow money pursuant to this chapter | and issue evidences of indebtedness to finance the acquisition, | construction, reconstruction, improvement or equipping of any one | project, or more than one, or any combination of projects, or to | refund evidences of indebtedness hereafter issued or to refund | general obligation debt of the State, or to refund any such | refunding evidences of indebtedness or for any one, or more than | one, or all of those purposes, or any combination of those | purposes, and to provide for the security and payment of those | evidences of indebtedness and for the rights of the holders of | them, except that any borrowing pursuant to this chapter, | exclusive of borrowing to refund evidences of indebtedness, to | refund general obligation debt of the State, or to fund issuance | costs or necessary reserves, may not exceed in the aggregate | principal amount outstanding at any time $170,000,000, and except | that no borrowing may be effected pursuant to this chapter unless | the amount of the borrowing and the project or projects are | submitted to the legislative Office of Fiscal and Program Review | for review by the joint standing committee of the Legislature | having jurisdiction over appropriations and financial affairs at | least 60 days before closing on such borrowing for the project or | projects is to be initiated $220,000,000; |
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| | Sec. F-1. Creative economy. Notwithstanding any other provision of | law, the Department of Economic and Community Development shall | transfer revenues in excess of $7,554,189 in the Tourism | Marketing Promotion Fund to an Other Special Revenue Funds | account in fiscal years 2005-06 and 2006-07 to be used for the | department's initiatives to expand tourism development, promote | and develop Maine's economy and promote Maine through business | attraction marketing efforts. |
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| | Sec. G-1. Matching funds. The Maine Community College System shall | use the distribution from the gross slot machine revenue under | the Maine Revised Statutes, Title 8, section 1036, of $989,352 in | fiscal year 2006-07 to match $1,000,000 for Osher Scholarships. |
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