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of the amount, if any, remaining to be paid and the amount | | certified must be appropriated and paid to the authority during the | | then current state fiscal year. |
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| | | Sec. 11. 5 MRSA §13080-N, sub-§7 is enacted to read: |
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| | | 7.__Other capital reserve funds.__This section, including | | subsection 5, may not be construed to require that each capital | | reserve fund established under this section have the benefit | | described in subsection 5. |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
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| | | This bill conforms the Loring Development Authority of Maine's | | bonding powers to those bonding powers of other agencies of the | | State and makes the authority's enabling statute consistent with | | federal law by incorporating the changes that have been made to | | federal and state law since the adoption of the Loring | | Development Authority of Maine's enabling statute in 1993. |
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