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Amend the bill by striking out all of section 1 and inserting the following:
‘Sec. 1. 27 MRSA §405, as amended by PL 1991, c. 622, Pt. V, §4, is further amended to read:
§ 405.Hearings; contracts
The commissionMaine Arts Commission is authorized and empowered to hold public and private hearings, to enter into contracts, within the limit of funds available, with individuals or organizations, and institutions for services furthering the educational objectives of the commission's programs; to enter into contracts, within the limit of funds available, with local and regional associations for cooperative endeavors furthering the educational objectives of the commission's programs; to establish an endowment fund; to accept gifts, contributions and bequests of funds from individuals, foundations, corporations and other organizations or institutions for the purpose of furthering the educational objectives of the commission's programsmission; to make and sign any agreements and to do and perform any acts that are necessary to carry out the purposes of this chapter. Any funds, if given as an endowment, must be invested by the Treasurer of State according to the laws governing the investment of trust funds. As determined by the Director of the Maine Arts Commission, with the approval of the commission, the endowment's principal and interest may be used to further the commission's mission, as long as the endowment funds are used only for the purposes for which the endowment is established in accordance with the intent of the donor. The commission may request and receive from any department, division, board, bureau, commission or agency of the State such assistance and data as necessary to carry out its powers and duties.’
Amend the bill by striking out all of section 4 and inserting the following:
‘Sec. 4. 27 MRSA §411, as enacted by PL 1997, c. 762, §1, is amended to read:
§ 411.Arts Education Program
The Maine Arts Commission shall establish the Arts in Education Program, referred to in this subchapter as the "program," to provide support for planning and implementing artist residencies and related school and community arts programs to increase arts education opportunities in the State. The program is designed on a 3-year rotating basis. The program allows a public school system to participate by developing a comprehensive arts education plan, activities to implement the plan and an evaluation of the plan."the program."’
 
SUMMARY
This amendment:
1. Retains current law, proposed to be repealed by the bill, that provides that funds, if given to the Maine Arts Commission as an endowment, must be invested by the Treasurer of State according to the laws governing the investment of trust funds. It also provides that endowment funds may be used only for the purposes for which the endowment is established in accordance with the intent of the donor; and
2. Retains current law that requires the Maine Arts Commission to establish the Arts in Education Program, but changes its name to the Arts Education Program and removes unnecessary descriptive language: this program is described in a section of law not amended by the bill.