The Maine Military Authority is established within the Executive Department.

Sec. 7. 37-B MRSA §392, sub-§2, as enacted by PL 2001, c. 374, §8, is repealed.

Sec. 8. 37-B MRSA §393, sub-§§3 to 7, as enacted by PL 2001, c. 374, §8, are amended to read:

3. Accept financial assistance. Accept, through the normal budgetary process, financial assistance and in-kind assistance, advances, loans, grants, gifts, contributions and other forms of financial assistance from the Federal Government and the State Government or its agencies, municipality from municipalities or other public body bodies or from other sources, public or private;

4. Provide money for upkeep. Provide from operating revenues money for the maintenance, construction or reconstruction of capital repair and replacement items as necessary and approved by the Legislature;

5. Acquire property. Acquire for use by the authority real or personal property or any interest in real or personal property, including rights or easements, on either a temporary or permanent basis, by gift, purchase, transfer, lease or otherwise, subject to the approval of the Legislature;

6. Dispose of property. Notwithstanding any other provision of In accordance with applicable state law, hold, sell, lease, rent or otherwise dispose of any real or personal property, or any interest in real or personal property, and release or relinquish any right, title, claim, lien, interest, easement or demand however acquired, and these proceeds become and remain operating revenues except that the Adjutant General may not sell any interest in real property without following the provisions of section 264;

7. Procure insurance. Procure insurance through the Risk Management Division against any loss in connection with property of the authority and other assets in amounts and from insurers that the Adjutant General considers desirable through the auspices of the Risk Management Division Director of Risk Management determines necessary or desirable to protect the State from risks or losses; and

Sec. 9. 37-B MRSA §394, as enacted by PL 2001, c. 374, §8, is amended to read: