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An Act To Amend the Washington County Development Authority
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  5 MRSA §13083-C, sub-§1, ¶F-4  is enacted to read:
 
F-4.  Enter into a memorandum of understanding with a municipality to perform the function of a local development corporation under section 13120-B, subsection 9;
Sec. 2. 5 MRSA §13120-B, sub-§9, as enacted by PL 2001, c. 703, §6, is amended to read:
 
9. Local development corporation.   "Local development corporation" means any nonprofit organization created by a municipality that is incorporated under Title 13, chapter 81 or that is incorporated under Title 13-B or otherwise chartered by the State, which is designed to foster, encourage and assist the settlement or resettlement of industrial, manufacturing, fishing, agricultural, recreational and other business enterprises within the State. A majority vote of the municipal officers is sufficient to form a local development corporation, notwithstanding Title 13, chapter 81. "Local development corporation" also means any nonprofit organization that is incorporated under Title 13, chapter 81 or that is incorporated under Title 13-B or otherwise chartered by the State, and is designed to foster, encourage and assist the settlement or resettlement of industrial, manufacturing, fishing, agricultural, recreational and other business enterprises within the State that applies for financial assistance for a project under this article, as long as that application is formally endorsed by a vote of the governing body of the municipality in which the project is to be located. "Local development corporation" also means a development authority under subchapter 3 that is acting under the authority of a memorandum of understanding with a municipality to carry out the authorized activities of a local development corporation under this subsection.
 
SUMMARY
This bill allows the Washington County Development Authority to enter into a memorandum of understanding with a municipality to perform the function of a local development corporation.