CHAPTER 272

H.P. 1019 - L.D. 1454

An Act To Amend the Laws Regarding the School Revolving

Renovation Fund

Emergency preamble. Whereas, acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas, many school administrative units have an immediate need to submit proposals for approval under the School Revolving Renovation Fund for reimbursement of costs incurred for first priority status health and safety projects approved by the Commissioner of Education; and

Whereas, it is necessary to revise the provisions of the statutes to allow such reimbursement for these projects; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 30-A MRSA §6006-F, sub-§3, ¶¶H and I, as enacted by PL 1997, c. 787, §13, are amended to read:

H. To pay the costs of the bank and the Department of Education associated with the administration of the fund and projects financed by the fund, except that no more than the lesser of 2% of the aggregate of the highest fund balances