| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 5 MRSA §15302, sub-§3, as enacted by PL 1999, c. 401, Pt. AAA, | §3, is amended to read: |
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| | 3. Board of Directors of the Maine Technology Institute. The | institute is governed and all of its powers exercised by a board | of directors, referred to in this chapter as the "board," | consisting of 11 12 voting members and 3 nonvoting members. |
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| A. The Governor shall appoint 9 voting directors, 7 of whom | must be representatives of targeted technologies. The other | 2 directors must have demonstrated significant experience in | finance, lending or venture capital. In making the | appointments from targeted technologies, the Governor shall | consider recommendations submitted by representatives of | targeted technology sectors. Directors of the board | appointed by the Governor are entitled to receive | reimbursement at the legislative rate for necessary expenses | for their attendance at authorized meetings of the board. |
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| B. The Commissioner of Economic and Community Development | or the commissioner's designee, the President of the Maine | Technical College System or the president's designee and the | Chancellor of the University of Maine System or the | chancellor's designee are ex officio voting directors. |
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| C. The President of the Maine Science and Technology | Foundation or the president's designee and the Director of | the State Planning Office or the director's designee are ex | officio nonvoting directors. |
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| D. The Maine Technology Institute Director is a nonvoting | director. |
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| | This bill adds the President of the Maine Technical College | System, or the president's designee, to the Board of Directors of | the Maine Technology Institute. |
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