(a) For transactions not involving mergers, at least once in the first 39 months after issuance of the certificate; and

(b) For transactions involving mergers, between 27 and 39 months after issuance of the certificate. In this review the department also shall analyze the extent to which benefits have been achieved by the merger.

D.__The department shall maintain on file all cooperative agreements for which certificates of public advantage remain in effect.__Any party to a cooperative agreement who terminates the agreement shall file a notice of termination with the department within 30 days after termination.

5. Review by Attorney General. The department shall consult with the Attorney General regarding its evaluation of any potential reduction in competition resulting from a cooperative agreement.

6. Certificate termination and enforcement. If the department determines that the likely benefits resulting from a certified agreement no longer outweigh any disadvantages attributable to any potential reduction in competition resulting from the agreement, the department may initiate proceedings to terminate the certificate of public advantage. The department may institute proceedings to enforce any conditions included in the certificate if it determines that the applicants are not in substantial compliance with such conditions. All proceedings under this subsection must be conducted under Title 5, chapter 375, subchapter IV.

7. Recordkeeping. The department shall maintain on file all cooperative agreements for which certificates of public advantage remain in effect. Any party to a cooperative agreement who terminates the agreement shall file a notice of termination with the department within 30 days after termination.

Sec. 6. 22 MRSA §1883-A is enacted to read: