LD 1503
pg. 10
Page 9 of 12 An Act To Amend the Economic Development Statutes Page 11 of 12
Download Bill Text
LR 415
Item 1

 
and the meetings of the group of representatives described in this
subsection are public proceedings within the meaning of Title 1,
chapter 13, subchapter 1.

 
Sec. 20. 10 MRSA §384, sub-§1, as enacted by PL 1995, c. 699, §3, is
amended to read:

 
1. Establishment; membership. There is established as a body
corporate and politic and a public instrumentality of the State
the Small Enterprise Growth Board, which consists of 11 members
appointed by the Governor as follows:

 
A. An experienced commercial lender;

 
B. An attorney with knowledge of securities law;

 
C. Five members of the public who have knowledge and
experience in managing or investing in high-growth small
businesses;

 
D. Three members of the public who have knowledge and
experience in the development of technological innovation;
and

 
E. The Commissioner of Economic and Community Development
or the commissioner's designee, who shall serve as a voting
ex officio member of the board.

 
Sec. 21. 10 MRSA §965, sub-§4, ķA, as amended by PL 1987, c. 534, Pt.
B, §§7 and 23, is further amended to read:

 
A. The Commissioner of Economic and Community Development
or the commissioner's designee;

 
Sec. 22. 20-A MRSA §12705, sub-§1, as amended by PL 1995, c. 688, §11
and PL 2003, c. 20, Pt. OO, §2 and affected by §4, is further
amended to read:

 
1. Membership. The board of trustees consists of 13
appointed voting members, one ex officio voting member and 2 1 ex
officio, nonvoting members member as follows:

 
C. Twelve from the field of business and industry, the
field of labor, the field of education and the general
public;

 
D. The Commissioner of Education, or the commissioner's
successor, who serves as an ex officio voting member;


Page 9 of 12 Top of Page Page 11 of 12