‘An Act To Require the State To Maintain an Interest-bearing Account of Privately Donated Funds for Saxl Park in the City of Bangor’
| HP0598 LD 849 |
Session - 128th Maine Legislature C "A", Filing Number H-178, Sponsored by
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LR 2016 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Require the State To Maintain an Interest-bearing Account of Privately Donated Funds for Saxl Park in the City of Bangor’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. Private donations to benefit Saxl Park. Notwithstanding any other provision of law to the contrary and subject to conditions placed by a donor, the State Controller shall deposit any privately donated funds received by the State to expend on behalf of the Saxl Park Advisory Committee, as set out under Resolve 2007, chapter 201, section 10, for the purpose of maintaining, operating and improving Saxl Park in the City of Bangor, including the unexpended balance of any funds received pursuant to Resolve 2007, chapter 201 as of the effective date of this Act, into an interest-bearing account. Any interest earned on the funds must be used for the same purpose. Notwithstanding any other provision of law to the contrary, the receipt and expenditure of privately raised funds to benefit Saxl Park, except expenditures for public improvement projects of $100,000 or more, are exempt from the requirements of the Maine Revised Statutes, Title 5, chapters 153 and 155. Nothing in this section may be construed to exempt any other expenditure from the requirements of Title 5, chapters 153 and 155.
Sec. 2. Resolve 2007, c. 201, §10, sub-§2 is repealed.’
SUMMARY
This amendment replaces the bill. The amendment requires the State to deposit into an interest-bearing account privately donated funds received by the State to expend on behalf of the Saxl Park Advisory Committee for the purpose of maintaining, operating and improving Saxl Park in the City of Bangor. The requirement applies to the unexpended balance of funds previously received by the State for this purpose and requires interest earned to be used for the same purpose. The amendment repeals Resolve 2007, chapter 201, section 10, subsection 2, which pertains to private donations to benefit Saxl Park.