| | | 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 $150,000,000 | | $170,000,000, 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 | | of Fiscal and Program Review for review by the joint standing | | committee of the Legislature having jurisdiction over | | appropriations and financial affairs at least 60 days before | | closing on such borrowing for the project or projects is to be | | initiated; |
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| | | Sec. OO-1. 20-A MRSA §13451, sub-§3, ¶¶B and C, as amended by PL 2003, | | c. 20, Pt. C, §1, are further amended to read: |
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| | B. Thirty-five percent from July 1, 2002 to June 30, 2005 | | July 31, 2003; and |
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| | C. Forty percent after June 30, 2005 |
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| | | Sec. PP-1. Transfer of funds; Job Retention Program. Notwithstanding the | | Maine Revised Statutes, Title 5, section 13063-C, the State | | Controller is authorized to transfer $50,000 in fiscal year 2003- | | 04 and $50,000 in fiscal year 2004-05 from the Job Retention | | Program Other Special Revenue Funds account to the Department of | | Economic and Community Development's Administration - Economic | | and Community Development program's Other Special Revenue Funds | | account for the purpose of providing funds to the Millinocket | | Area Growth and Investment Council for economic development in | | the Katahdin region. 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 this Part. |
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