LD 1363
pg. 30
Page 29 of 34 PUBLIC Law Chapter 405 Page 31 of 34
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LR 2152
Item 1

 
PART G

 
Sec. G-1. 23 MRSA §1855, first ¶, as enacted by PL 1997, c. 395, Pt. I,
§1, is amended to read:

 
The Commissioner of Transportation shall use the state
infrastructure bank to make loans to counties and municipalities,
state agencies and quasi-state government agencies and public and
private utility districts eligible for the financial assistance
program for utilities under section 256 upon such terms as the
commissioner shall determine, including secured and unsecured
loans, and in connection with the secured and unsecured loans, to
enter into loan agreements, subordination agreements and other
agreements; accept notes and other forms of obligation to
evidence the indebtedness, and mortgages, liens, pledges,
assignments or other security interest to secure the
indebtedness, which may be prior or subordinate to or on a parity
with other indebtedness, obligations, mortgages, pledges,
assignments, other security interests or liens or encumbrances,
and take such actions as are appropriate to protect the security
and safeguard against losses, including foreclosure and the
bidding upon and purchase of property upon foreclosure or other
sale. Repayments of a federal share loan may be obligated by the
commissioner for any transportation purpose, including the
reloaning of such repaid funds for other projects. Reloaned
funds are considered state loans, not federal share loans.

 
PART H

 
Sec. H-1. Radio network debt service. Debt service for the replacement
radio system to support the operations of the statewide radio and
network system for fiscal year 2007-08 only will be calculated at
a ratio of 74.8% for the General Fund and 25.2% for the Highway
Fund.

 
PART I

 
Sec. I-1. Nonlapsing funds; Administration - Motor Vehicle; computer system. Any
balance not to exceed $1,100,000 remaining in the Administration
- Motor Vehicle program, Bureau of Motor Vehicles within the
Department of the Secretary of State may not lapse at the end of
fiscal year 2004-05 but must be carried forward into fiscal year
2005-06 for the purpose of development of the bureau's computer
system and to improve the efficiency and effectiveness of the
bureau's processes and programs.


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