| | The authority may lease, sell or transfer property or | interests in property to a local development corporation or other | entity determined by the trustees to be eligible to take | ownership and possession of the property or interests in property | to accomplish the readjustment or reuse of the facilities owned | by the authority. A person may not hold any pecuniary interest | in property owned by the authority while that person is a member | of the board of trustees. |
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| | Sec. 7. Staggered terms. Notwithstanding the Maine Revised Statutes, | Title 5, section 13083-C, subsection 3, of the 4 new members of | the board of trustees of the Washington County Development | Authority appointed pursuant to this Act, one trustee is | appointed to a one-year term, one trustee is appointed to a 2- | year term, one trustee is appointed to a 3-year term and one | trustee is appointed to a 4-year term. |
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