An Act To Modify the Disbursement from the Maine Economic Improvement Fund

Sec. 1. 10 MRSA §948, sub-§1, ¶H,  as amended by PL 2013, c. 225, §2, is further amended to read:

SUMMARY

This bill changes the apportionment of the percentage of the Maine Economic Improvement Fund that goes to the University of Maine at Augusta, the University of Maine at Farmington, the University of Maine at Fort Kent, the University of Maine at Machias, the University of Maine at Presque Isle and the Maine Maritime Academy to support applied research and development by removing the apportionment to all institutions of a minimum of 3% of the fund and instead requiring a minimum of 2% of the fund to be disbursed to the University of Maine at Machias to support applied marine research and development at that university's marine field station and a minimum of 1% to be apportioned among the remainder of the institutions.