| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 5 MRSA §12004-I, sub-§6-F is enacted to read: |
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| | | 6-F. | Agricultural | Legislative | 10 MRSA |
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| | | Economic | Products | per diem for | §997-B |
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| | | Development | Utilization | appointed |
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| | | Sec. 2. 10 MRSA §§997-A and 997-B are enacted to read: |
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| | | §997-A.__Agriculturally Derived Fuel Fund |
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| | | 1. Purpose. The purpose of this section is to provide | | assistance to promote the production and use of agriculturally | | derived fuels.__For the purposes of this section, "agriculturally | | derived fuel" means methanol or ethanol produced from organic | | matter that is available on a renewable basis, including | | agricultural crops and agricultural wastes and residues. |
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| | | 2.__Establishment of fund. The Agriculturally Derived Fuel | | Fund, referred to in this section as the "fund," is established | | as a nonlapsing fund under the jurisdiction and control of the | | authority. The authority, in consultation with the Agricultural | | Products Utilization Commission, as established in Title 5, | | section 12004-I, subsection 6-F, may apply for and accept any | | appropriation, grant, gift or service made available from public | | or private sources consistent with the purpose of this section. |
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| | | 3.__Application of fund.__Money in the fund may be used for | | direct loans and direct subsidies to a business or cooperative | | for the design and construction of a facility to produce__an | | agriculturally derived fuel. The authority, pursuant to Title 5, | | chapter 375, subchapter II-A, in consultation with the | | Agricultural Products Utilization Commission shall adopt rules | | for determining eligibility, feasibility, terms, conditions and | | security for direct loans, secured loans and investments.__Money | | in the fund not needed to meet the obligations of the authority | | as provided in this section may be invested in a manner permitted | | by law.__For the purposes of this section, "business" means an | | individual, company, corporation or any other entity organized | | for a common business purpose and "cooperative" means an | | association organized as a cooperative in accordance with Title | | 13, chapter 85, subchapter II. |
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| | | §997-B__Agricultural Products Utilization Commission |
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| | | The Agricultural Products Utilization Commission, as | | established in Title 5, section 12004-I, subsection 6-F, shall |
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