DEPARTMENT OF ECONOMIC AND

COMMUNITY DEVELOPMENT __________ __________

TOTAL $3,200,000 $7,200,000

MAINE SCIENCE AND TECHNOLOGY

FOUNDATION

Maine Science and Technology Foundation

All Other ($200,000) ($200,000)

Provides for the deappropriation of funds for the transfer of funding for the Maine Technology Investment Fund to the Department of Economic and Community Development.

MAINE SCIENCE AND TECHNOLOGY

FOUNDATION ________ ________

TOTAL ($200,000) ($200,000)

__________ __________

TOTAL APPROPRIATIONS $3,000,000 $7,000,000

PART D

Sec. D-1. 20-A MRSA §10952, sub-§7, as amended by PL 1997, c. 24, Pt. R, §1, is further amended to read:

7. Borrow money. To borrow money pursuant to this chapter and issue evidences of indebtedness to finance the acquisition, construction, reconstruction, improvement or equipping of any one project, or more than one, or any combination of projects, or to refund evidences of indebtedness hereafter issued or to refund general obligation debt of the State, or to refund any such refunding evidences of indebtedness or for any one, or more than one, or all of those purposes, or any combination of those purposes, and to provide for the security and payment of those evidences of indebtedness and for the rights of the holders of them, except that any borrowing pursuant to this chapter, exclusive of borrowing to refund evidences of indebtedness, to refund general obligation debt of the State, or to fund issuance costs or necessary reserves, may not exceed in the aggregate principal amount outstanding at any time $100,000,000 $150,000,000, and except that no borrowing may be effected pursuant to this chapter unless the amount of the borrowing and the project or projects are submitted to the legislative Office