Sec. MMM-1. 5 MRSA §13063-D is enacted to read:
§13063-D. Grants to municipalities to retain mature or dominant employers
The commissioner shall authorize grants to municipalities for the purpose of assisting those municipalities to retain mature or dominant employers, as defined in rules adopted by the commissioner, especially manufacturing firms presently located in the State. In awarding grants under this section, the commissioner shall consider the economic health of the region in which the municipality is located, the economic and social impacts that would be or have been created by the loss of the mature or dominant employer and the likelihood of returning that employer to a financially viable condition. In awarding any grant under this section, the commissioner shall take appropriate measures to ensure accountability and a positive return on the public's investment.
Sec. MMM-2. Transfer of funds. Notwithstanding the Maine Revised Statutes, Title 5, section 13063-C, the State Controller is authorized to transfer $345,000 on a one-time basis from the Job Retention Program to the Department of Economic and Community Development's "Administration - Economic and Community Development" program in fiscal year 2000-01 to carry out the purposes of section 1 of this Part. These funds must be allotted by financial order upon the recommendation of the State Budget Officer and approval of the Governor to carry out the purposes of section 1 of this Part.
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