Sec. 5. 20-A MRSA §15603, sub-§26-A, śC, as enacted by PL 1993, c. 410, Pt. F, §15, is amended to read:

C. "Debt service costs" includes the following:

(1) Principal and interest on approved school construction costs as described in subsection 8, paragraph A; excluding payments made with funds from state and local government accounts established under the federal Internal Revenue Code and regulations for disposition of excess, unneeded proceeds of bonds issued for a school project;

(2) Approved lease costs as described in subsection 8, paragraphs B and E; and

(3) Insured value factor costs as described in subsection 8, paragraph C.

Sec. 6. 20-A MRSA §15901, sub-§4, as amended by PL 1991, c. 268, §5, is further amended to read:

4. School construction project. "School construction project" means:

A. On-site additions to existing schools;

B. New schools;

C. The cost of land acquired in conjunction with projects otherwise defined by this subsection;

D. The building of or acquisition of other facilities related to the operation of school administrative units;

E. The complete restoration of existing school buildings in lieu of replacement when in the judgment of the commissioner the action is in the best interest of the State and local unit; and

F. Off-site construction may only be included within the meaning of this term if, in the judgment of the commissioner, it is economically in the best interests of