Sec. 7. 5 MRSA §13109, sub-§4, as enacted by PL 2003, c. 673, Pt. M, §8, is repealed and the following enacted in its place:

4. Payments to fund.__Notwithstanding section 1585 or any other provision of law, agencies or private entities that receive General Fund or general obligation bonds for research and development shall contribute to the fund an amount not to exceed 0.8% of General Fund appropriations received by and general obligation bonds issued to an agency or entity for research and development efforts.__Private entities that receive funds from general obligation bonds for research and development efforts shall pay to the Treasurer of State in the fiscal year in which the general obligation bond was issued an amount not to exceed 0.8% of the proceeds from the bond issue in any fiscal year, which payment must be made from available resources other than bond proceeds.__Only those programs that receive $500,000 or more in research and development appropriations in any fiscal year, or those entities that receive funds from a general obligation bond issue of $500,000 or more for research and development efforts in any fiscal year, as identified and certified by the Office of Innovation and the Office of Fiscal and Program Review, may be assessed.__The Office of Innovation shall provide to each agency or private entity an annual budget for the fund and a detailed account of each institution's required assessment.__Total payments made pursuant to this section may not exceed $120,000 in any fiscal year.

Sec. 8. 5 MRSA §13109, sub-§5, as enacted by PL 2003, c. 673, Pt. M, §8, is repealed.

Sec. 9. 5 MRSA §13120-B, sub-§1, as enacted by PL 2001, c. 703, §6, is amended to read:

1. Carrying costs. "Carrying costs" means reasonable costs incurred for the maintenance, protection and security of a community speculative industrial building prior to occupancy, including, but not limited to, insurance, taxes and interest.

Sec. 10. 5 MRSA §13120-B, sub-§5, as enacted by PL 2001, c. 703, §6, is repealed.

Sec. 11. 5 MRSA §13120-B, sub-§11 is enacted to read:

11.__Speculative industrial building.__"Speculative industrial building" means a building of flexible design and