Sec. F-1. Creative economy. Notwithstanding any other provision of law, for the 2006-2007 biennium only, the Department of Economic and Community Development shall transfer revenues in the Tourism Marketing Promotion Fund in excess of $7,554,189, but not to exceed $330,000 in fiscal year 2005-06 and $575,000 in fiscal year 2006-07, to an Other Special Revenue Funds account to be used for the department's initiatives to expand tourism development, promote and develop Maine's economy and promote Maine through business attraction marketing efforts.
Sec. F-2. Report. The Commissioner of Economic and Community Development shall provide a report of the amount and use of funds allocated in this Part to the joint standing committee of the Legislature having jurisdiction over business, research and economic development matters no later than January 2, 2006 and January 3, 2007. The report must provide detailed information on the amount of funds distributed and the economic impact on Maine's economy.
Sec. F-3. Distribution of funds. Funds allocated in this Part must be distributed as follows:
Maine Community College System - tourism training initiative |
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Maine Community College System - Regional Blaine House Small Business and Entrepreneurship Conferences at Community Colleges |
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Sec. F-4. Appropriations and allocations. The following appropriations and allocations are made.
ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
Office of Tourism 0577
Initiative: Provides one-time funding for certain economic development initiatives to be distributed as set forth in this Part.
OTHER SPECIAL REVENUE
FUNDS 2005-06 2006-07
All Other $330,000 $575,000
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OTHER SPECIAL REVENUE
FUNDS TOTAL $330,000 $575,000
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