Sec. 1. 5 MRSA §15302, sub-§3, as enacted by PL 1999, c. 401, Pt. AAA, §3, is amended to read:

3. Board of Directors of the Maine Technology Institute. The institute is governed and all of its powers exercised by a board of directors, referred to in this chapter as the "board," consisting of 11 12 voting members and 3 nonvoting members.

A. The Governor shall appoint 9 voting directors, 7 of whom must be representatives of targeted technologies. The other 2 directors must have demonstrated significant experience in finance, lending or venture capital. In making the appointments from targeted technologies, the Governor shall consider recommendations submitted by representatives of targeted technology sectors. Directors of the board appointed by the Governor are entitled to receive reimbursement at the legislative rate for necessary expenses for their attendance at authorized meetings of the board.

B. The Commissioner of Economic and Community Development or the commissioner's designee, the President of the Maine Technical College System or the president's designee and the Chancellor of the University of Maine System or the chancellor's designee are ex officio voting directors.

C. The President of the Maine Science and Technology Foundation or the president's designee and the Director of the State Planning Office or the director's designee are ex officio nonvoting directors.

D. The Maine Technology Institute Director is a nonvoting director.

SUMMARY

This bill adds the President of the Maine Technical College System, or the president's designee, to the Board of Directors of the Maine Technology Institute.