LD 1957
pg. 4
Page 3 of 14 An Act To Establish a Development Authority for Brunswick Naval Air Station ... Page 5 of 14
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LR 2604
Item 1

 
K.__Enter into loan or security agreements with one or more
lending institutions, including, but not limited to, banks,
insurance companies and institutions that administer pension
funds, or trustees for those institutions for the issuance
of bonds and exercise with respect to those loan or security
agreements all of the powers delineated in this article for
the issuance of bonds;

 
L.__Provide from operating revenues for the maintenance,
construction or reconstruction of facilities to ensure the
public safety for which the authority has not otherwise
provided;

 
M.__Use operating revenues to provide payment of
obligations, if any, due to the United States to implement
the readjustment or reuse of the base facility;

 
N.__Adopt rules pursuant to the Maine Administrative
Procedure Act; and

 
O.__Take all other lawful action necessary and incidental to
these powers.

 
2.__Membership; appointment.__The authority is governed by a
board of trustees composed of 11 voting members appointed by the
Governor and subject to review by the joint standing committee of
the Legislature having jurisdiction over economic development
matters and to confirmation by the Senate.

 
A.__Trustees are appointed for 4-year terms, except that,
for initial appointments, 3 trustees are appointed to one-
year terms, 3 trustees are appointed to 2-year terms, 2
trustees are appointed to 3-year terms, 2 trustees are
appointed to 4-year terms and the commissioner designated
pursuant to paragraph D serves at the pleasure of the
Governor.

 
B.__A trustee continues to hold office until a successor is
appointed and qualified, but the term of the successor is
not altered from the original expiration date of the
holdover trustee's term.

 
C.__The Governor shall make 10 appointments, of which no
fewer than 7 must be from candidates who are residents of
Androscoggin County, Cumberland County and Sagadahoc County
and are nominated by the primary impact communities.__The
Governor shall appoint members who reflect the diversity of
interests represented by these communities.


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