A.__One representative of the State Planning Office;

B.__One representative of the Department of Economic and Community Development;

C.__One representative of the Maine Municipal Bond Bank or a private financial institution with expertise in the areas of business finance, commercial loans and return on investment;

D.__One representative representing providers of governmental services on a regional basis; and

E.__Three representatives of municipal government recommended by the Maine Municipal Association who formerly served as a municipal officer or the chief administrative official of a municipality, with one representing a rural community with a population of less than 4,000 inhabitants, one representing a suburban community with a population of 4,000 to 15,000 inhabitants and one representing a service center community with a population greater than 15,000 inhabitants.

The Governor's appointments must be characterized by broad geographic representation.

6. Competitive grants; standard of qualification. In making competitive awards from the fund, and with respect to the jurisdictions throughout the several local or regional governments that are submitting each application for a grant to fund or partially fund an efficiency project, the review panel established in subsection 5 must identify:

A.__The nature, scope and timing of the entire efficiency project, including all proposed programmatic and governance changes, system restructurings, employment reconfigurations and capital or infrastructure investments;

B.__The total cost of the efficiency project, including the dollar value of the grant request and all other funds and in-kind services contributed by the applicants and other sources;

C.__The annual cost of providing the targeted services throughout the jurisdictions represented by the several applicants for each of the 10 years before the implementation of the efficiency project;