LD 1614
pg. 164
Page 163 of 201 An Act To Make Supplemental Appropriations and Allocations for the Expenditures... Page 165 of 201
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LR 1999
Item 1

 
creditworthy within the scope of this program and whether
the collateral offered to secure the loan is adequate;

 
F. Loans are not insured or guaranteed by the State, but
the department shall require collateral in the form of
security for the loan, if available, and may, in appropriate
cases, take a mortgage on real estate;

 
G. Loan and interest rate subsidy applications must be on
forms and accompanied by additional information as required
by the department. Loan and interest rate subsidy
applicants may be required to submit whatever personal or
business related business-related financial information as
may be necessary to determine eligibility for the
Occupational Safety Loan Program; and

 
H. Loans and interest rate subsidies may not be approved
without a prior safety inspection by the division of
industrial safety and a recommendation by the division for
the installation of the safety device.

 
Sec. O-4. Transfer of funds; Waste Reduction and Recycling Fund account.
Notwithstanding any other provision of law, $438,820 must be
transferred from the Waste Reduction and Recycling Fund account
in the Finance Authority of Maine to the General Fund as
undedicated revenue no later than June 30, 2004.

 
Sec. O-5. Transfer of funds; Occupational Safety Loan Program account.
Notwithstanding any other provision of law, $401,209 must be
transferred from the Occupational Safety Loan Program account in
the Finance Authority of Maine to the General Fund as undedicated
revenue no later than June 30, 2004.

 
PART P

 
Sec. P-1. PL 2003, c. 51, Pt. H, §7 is amended to read:

 
*Sec. H-7. Intergovernmental transfer. The Commissioner of
Administrative and Financial Services shall annually establish
the amount that must be transferred from the City of Portland as
an intergovernmental transfer. The amounts that must be
transferred to the State as undedicated General Fund revenue from
the City of Portland must be $1,000,000 in fiscal year 2002-03
and must be at least $2,000,000 $2,400,000 in fiscal year 2003-04
and at least $2,000,000 $2,400,000 in fiscal year 2004-05.

 
Sec. P-2. Intergovernmental transfer; municipally funded facilities. The
Commissioner of Administrative and Financial Services shall
annually establish the amount that must be transferred from Mayo


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