Sec. 12. 5 MRSA §13120-C, sub-§1, ¶A, as enacted by PL 2001, c. 703, §6, is amended to read:

A. Community Speculative industrial building program, pursuant to section 13120-N;

Sec. 13. 5 MRSA §13120-D, sub-§1, ¶B, as enacted by PL 2001, c. 703, §6, is amended to read:

B. Two ex officio members:

(1) The Commissioner of Economic and Community Development or the commissioner's designee; and

(2) The Chief Executive Officer of the Finance Authority of Maine or the chief executive officer's designee.

Sec. 14. 5 MRSA §13120-I, sub-§1, as amended by PL 2003, c. 281, §4, is further amended to read:

1. Authorization. The authority may provide by resolution for the issuance of bonds for the purpose of funding the Community Speculative Industrial Buildings Fund, or any successor to the fund, for the construction of proposed commercial facilities and improvement of existing or acquired commercial facilities and for the fulfillment of other undertakings that it may assume. The bonds of the authority do not constitute a debt of the State or of any agency or political subdivision of the State but are payable solely from the revenue of the authority, and neither the faith nor credit nor taxing power of the State or any political subdivision of the State is pledged to payment of the bonds. Notwithstanding any other provision of law, any bonds issued pursuant to this subchapter are fully negotiable. If any member of the board of trustees whose signature appears on the bond or coupons ceases to be a member of the board of trustees before the delivery of those bonds, that signature is valid and sufficient for all purposes as if that member of the board of trustees had remained a member of the board of trustees until delivery.

Sec. 15. 5 MRSA §13120-I, sub-§3, as enacted by PL 2001, c. 703, §6, is amended to read: