| Fund from the Maine Science and | Technology Foundation. |
|
| DEPARTMENT OF ECONOMIC AND |
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| COMMUNITY DEVELOPMENT | __________ | __________ |
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| TOTAL | | | $3,200,000 | $7,200,000 |
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| MAINE SCIENCE AND TECHNOLOGY |
|
| Maine Science and Technology Foundation |
|
| All Other | ($200,000) | ($200,000) |
|
| Provides for the | deappropriation of funds for | the transfer of funding for the | Maine Technology Investment | Fund to the Department of | Economic and Community | Development. |
|
| MAINE SCIENCE AND TECHNOLOGY |
|
| FOUNDATION | ________ | ________ |
|
| TOTAL | | | ($200,000) | ($200,000) |
|
| TOTAL APPROPRIATIONS | $3,000,000 | $7,000,000 |
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| | Sec. D-1. 20-A MRSA §10952, sub-§7, as amended by PL 1997, c. 24, Pt. | R, §1, is further amended to read: |
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| | 7. Borrow money. To borrow money pursuant to this chapter | and issue evidences of indebtedness to finance the acquisition, | construction, reconstruction, improvement or equipping of any one | project, or more than one, or any combination of projects, or to | refund evidences of indebtedness hereafter issued or to refund | general obligation debt of the State, or to refund any such | refunding evidences of indebtedness or for any one, or more than | one, or all of those purposes, or any combination of those | purposes, and to provide for the security and payment of those | evidences of indebtedness and for the rights of the holders of | them, except that any borrowing pursuant to this chapter, | exclusive of borrowing to refund evidences of indebtedness, to | refund general obligation debt of the State, or to fund issuance | costs or necessary reserves, may not exceed in the aggregate | principal amount outstanding at any time $100,000,000 | $150,000,000, and except that no borrowing may be effected | pursuant to this chapter unless the amount of the borrowing and | the project or projects are submitted to the legislative Office |
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