| K.__Enter into loan or security agreements with one or more | lending institutions, including, but not limited to, banks, | insurance companies and institutions that administer pension | funds, or trustees for those institutions for the issuance | of bonds and exercise with respect to those loan or security | agreements all of the powers delineated in this article for | the issuance of bonds; |
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| L.__Provide from operating revenues for the maintenance, | construction or reconstruction of facilities to ensure the | public safety for which the authority has not otherwise | provided; |
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| M.__Use operating revenues to provide payment of | obligations, if any, due to the United States to implement | the readjustment or reuse of the base facility; |
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| N.__Adopt rules pursuant to the Maine Administrative | Procedure Act; and |
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| O.__Take all other lawful action necessary and incidental to | these powers. |
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| | 2.__Membership; appointment.__The authority is governed by a | board of trustees composed of 11 voting members appointed by the | Governor and subject to review by the joint standing committee of | the Legislature having jurisdiction over economic development | matters and to confirmation by the Senate. |
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| A.__Trustees are appointed for 4-year terms, except that, | for initial appointments, 3 trustees are appointed to one- | year terms, 3 trustees are appointed to 2-year terms, 2 | trustees are appointed to 3-year terms, 2 trustees are | appointed to 4-year terms and the commissioner designated | pursuant to paragraph D serves at the pleasure of the | Governor. |
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| B.__A trustee continues to hold office until a successor is | appointed and qualified, but the term of the successor is | not altered from the original expiration date of the | holdover trustee's term. |
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| C.__The Governor shall make 10 appointments, of which no | fewer than 7 must be from candidates who are residents of | Androscoggin County, Cumberland County and Sagadahoc County | and are nominated by the primary impact communities.__The | Governor shall appoint members who reflect the diversity of | interests represented by these communities. |
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