An Act To Amend the Laws Pertaining to the Maine Economic Improvement Fund
Sec. 1. 10 MRSA §948, sub-§1, ¶F, as amended by PL 1999, c. 401, Pt. AAA, §5, is further amended to read:
(1) The operations of the fund during the fiscal year;
(2) The assets and liabilities of the fund at the end of its most recent fiscal year; and
(3) The annual measurable goals and objectives of the fund, as established by the board, and an assessment of the achievement of those goals and objectives. The goals and objectives must include, but may not be limited to, education, research and development; and
Sec. 2. 10 MRSA §948, sub-§1, ¶G, as repealed and replaced by PL 1997, c. 683, Pt. A, §4, is amended to read:
Sec. 3. 10 MRSA §948, sub-§1, ¶H is enacted to read:
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This bill directs the Board of Trustees of the University of Maine System to apportion a minimum of 3% of the annual disbursements from the Maine Economic Improvement Fund among the University of Maine at Augusta, the University of Maine at Farmington, the University of Maine at Fort Kent, the University of Maine at Machias and the University of Maine at Presque Isle to support research and development.