| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 5 MRSA §13081, sub-§§8 and 9, as enacted by PL 1987, c. 534, Pt. | | A, §§17 and 19, are repealed. |
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| | | Sec. 2. 5 MRSA §13082, sub-§1, as amended by PL 1999, c. 127, Pt. A, | | §11, is further amended to read: |
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| | | 1. Creation. The Community Industrial Buildings Fund is | | created as a nonlapsing revolving fund to be used by the | department only for the purposes of this article. There is | created within the fund separate accounts for rural and urban | areas, called the "rural account" or "urban account", which shall | be separately charged and credited, as provided under this | section, according to the location of each community industrial | building in a rural or urban area. |
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| | A. Money in the fund that is not obligated on October 1, | 1987 must be distributed between the 2 accounts, with 2/3 | allocated to the rural account and 1/3 allocated to the | urban account. |
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| | | Sec. 3. 5 MRSA §13083, sub-§1, ¶B, as amended by PL 1989, c. 182, §1, | | is repealed. |
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| | | This bill removes the requirement that funds in the Community | | Industrial Buildings Fund be distributed to separate rural and | | urban accounts, allowing the Department of Economic and Community | | Development more flexibility in the distribution of the funds. |
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