CHAPTER 612
H.P. 1735 - L.D. 2441
An Act to Provide Flexibility in the Distribution of Funds by the Department of Economic and Community Development
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §13081, sub-§§8 and 9, as enacted by PL 1987, c. 534, Pt. A, §§17 and 19, are repealed.
Sec. 2. 5 MRSA §13082, sub-§1, as amended by PL 1999, c. 127, Pt. A, §11, is further amended to read:
1. Creation. The Community Industrial Buildings Fund is created as a nonlapsing revolving fund to be used by the department only for the purposes of this article. There is created within the fund separate accounts for rural and urban areas, called the "rural account" or "urban account", which shall be separately charged and credited, as provided under this section, according to the location of each community industrial building in a rural or urban area.
A. Money in the fund that is not obligated on October 1, 1987 must be distributed between the 2 accounts, with 2/3 allocated to the rural account and 1/3 allocated to the urban account.
Sec. 3. 5 MRSA §13083, sub-§1, ¶B, as amended by PL 1989, c. 182, §1, is repealed.
Sec. 4. 5 MRSA §13083, sub-§4, as enacted by PL 1987, c. 534, Pt. A, §§17 and 19, is repealed.
Effective August 11, 2000, unless otherwise indicated.
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