4.__Maine Renewable Resource Fund.__The commission by rule shall establish the Maine Renewable Resource Fund, referred to in this subsection as "the fund," which is a dedicated fund to support in-state eligible renewable resources, renewable resource research and development and to fund demonstration community projects using renewable energy technologies.__The commission shall administer the fund.

A.__Money collected from a competitive energy supplier as an alternative compliance payment pursuant to subsection 3 must be deposited in the fund.

B.__The commission shall disperse the money in the fund as follows:

(1)__Ninety-five percent of the money must be distributed equally to all in-state eligible renewable electrical generation facilities as a per kilowatt-hour production incentive; and

(2)__Five percent of the money must be used to fund renewable resource research and development at the University of Maine System, the Maine Maritime Academy or the Maine Technical College System and demonstration community projects using renewable energy technologies.

Rules adopted under this subsection are major substantive rules as defined in Title 5, chapter 375, subchapter 2-A.

Sec. 4. 35-A MRSA §3212, sub-§4, śC, as enacted by PL 2001, c. 528, §1, is amended to read:

C. Beginning March 1, 2005, should any standard-offer provider selected by the commission pursuant to subsection 2 be required to offer at least one standard-offer service that is composed entirely of eligible renewable resources as defined in section 3210 3210-A?