B.__Money from any other source, whether public or private, designated for deposit into or credited to the loan fund; and

C.__Repayments to the loan fund.

3.__Disbursements from the loan fund.__Disbursements from the loan fund are governed by the following provisions.

A.__A selected farm under section 318 may apply for a loan for up to 50% of the funds needed to implement the business plan for that farm.

B.__The review panel required by section 317 shall review applications for loans and award loans pursuant to guidelines established by the department.

4.__Unencumbered balances.__Any unencumbered balance remaining at the end of any fiscal year lapses back to the loan fund.

5.__Administration of the loan fund.__The department may authorize administration of the loan fund by an organization in the same manner as provided under section 320.

Sec. B-3. 7 MRSA §320, sub-§1, ¶¶F and G, as enacted by PL 1999, c. 763, §1, are amended to read:

F. Executing and enforcing first and 2nd farmland protection agreements; and

G. Evaluating and reporting annually by March 15th to the joint standing committee of the Legislature having jurisdiction over agricultural matters on the impact and effectiveness of the program.; and

Sec. B-4. 7 MRSA §320, sub-§1, ¶H is enacted to read:

H.__Administering the Farms for the Future Loan Fund under section 319-A.

Sec. B-5. Competitive bid process. The Department of Agriculture, Food and Rural Resources shall seek competitive bids for the administration of the Maine Farms for the Future Program. The successful candidate shall by contract agree to