An Act To Require the State To Maintain an Interest-bearing Account of Privately Donated Funds for Saxl Park in the City of Bangor

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 Resolve 2007, c. 201, §10, sub-§2  is repealed.