Sec. 1. 5 MRSA §1581, last ¶, as enacted by PL 1999, c. 420, §1, is repealed.

Sec. 2. 5 MRSA §13121, sub-§2, as enacted by PL 1987, c. 816, Pt. DD, §3, is repealed.

Sec. 3. 5 MRSA §13121, sub-§§7 and 8, as enacted by PL 1993, c. 410, Pt. E, §9, are repealed.

Sec. 4. 5 MRSA §13122-B, as enacted by PL 1993, c. 410, Pt. E, §11, is amended to read:

§13122-B. Purpose

The foundation shall encourage, promote, stimulate, evaluate and support: research and development of relevance to the State; technology transfer activities that increase the competitiveness of businesses and public institutions of higher education in the State; effective and efficient application of technologies in the public and private sectors; scientific and technological education and training; the development of new commercial products and the fabrication of such products in the State; and cooperative efforts among government, the private sector and universities and colleges for the purposes outlined in this chapter.

Sec. 5. 5 MRSA §13122-D, as enacted by PL 1993, c. 410, Pt. E, §11, is amended to read:

§13122-D. Terms

Directors of the board are appointed for 6-year 3-year terms. The initial appointments must be staggered as follows: one third of the directors must be appointed for 2-year terms; one third for 4-year terms; and 1/3 for 6-year terms. Board members may serve no more than 2 full consecutive terms. Public sector directors must serve terms coincident with the terms of their public sector appointments.

Sec. 6. 5 MRSA §13123-A, sub-§12, as enacted by PL 1993, c. 410, Pt. E, §13, is repealed.

Sec. 7. 5 MRSA §13124, as enacted by PL 1993, c. 410, Pt. E, §14, is repealed.

Sec. 8. 5 MRSA §13124-B, first ¶, as enacted by PL 1993, c. 410, Pt. E, §16, is amended to read: