‘Sec. D-6. Allocations from General Fund bond issue. The proceeds of the sale of the bonds authorized under this Part must be expended as designated in the following schedule.
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DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
Maine Technology Institute
Provides funds for research, development and commercialization as prioritized by the Office of Innovation's 2005 Science and Technology Action Plan for Maine. The funds must be allocated to biotechnology, aquaculture and marine technology, composite materials technology, environmental technology, advanced technologies for forestry and agriculture, information technology and precision manufacturing technology through a competitive process, and must be awarded to Maine-based public and private entities to leverage matching funds on at least a one-to-one basis.
$35,000,000
Maine Biomedical Research Program
Provides funds for biomedical research pursuant to the Maine Revised Statutes, Title 5, section 13103.
$15,000,000
FINANCE AUTHORITY OF MAINE
Economic Recovery Loan Program
$1,500,000
Regional Economic Development Revolving Loan Program
$1,000,000
Agricultural Marketing Loan Fund
$1,000,000
MAINE RURAL DEVELOPMENT AUTHORITY
Maine Rural Development Authority
$1,500,000