LD 1677
pg. 124
Page 123 of 149 An Act To Make Supplemental Appropriations and Allocations for the Expenditures... Page 125 of 149
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LR 2150
Item 1

 
Sec. E-1. 20-A MRSA §10952, sub-§7, as amended by PL 2003, c. 451, Pt.
NN, §1, is further amended to read:

 
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;

 
PART F

 
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.

 
PART G

 
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.

 
PART H


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