| | |
University of Maine System and each of its universities, the | Maine Technical | | colleges and the Maine Maritime Academy, as well as | | institutionally related foundations qualified under the Internal | | Revenue Code, Section 501(c)(3). Qualified institutionally | | related foundations may receive and manage the investment of | | matching funds, and may, at their discretion, hold funds | | allocated to them. In the absence of any conditions or | | restrictions to the contrary made by the donor, qualified | | recipients of private donations eligible for matching funds may | | combine, pool or merge these funds with other similar gift and | | endowment funds. |
|
| | | Sec. 53. 20-A MRSA §10006, sub-§5, ¶¶A and B, as enacted by PL 1999, c. | | 511, §1, are amended to read: |
|
| | | A. For an appropriated amount of more than $10,000,000: |
|
| | | (1) University of Maine System | 70% | |
|
| | (2) Maine Technical | 25%; and | |
|
| | | (3) Maine Maritime Academy | | 5%; and |
|
| | | B. For an appropriated amount of $10,000,000 or less: |
|
| | | (1) University of Maine System | 75%; | |
|
| | (2) Maine Technical | 20%; and | |
|
| | | (3) Maine Maritime Academy | | 5%. |
|
| | | Sec. 54. 20-A MRSA §10006, sub-§7, as enacted by PL 1999, c. 511, §1, | | is amended to read: |
|
| | | 7. Reduction prohibited. Appropriations to the fund must | | be in addition to any other funds appropriated to the | University of Maine System, the Maine Technical | | College System and the Maine Maritime Academy and may not be | | used to reduce appropriations for other purposes. |
|
| | | Sec. 55. 20-A MRSA §10007, as enacted by PL 2001, c. 86, §1, is | | amended to read: |
|
| | | §10007. Limitation on receipt of gifts, grants or donations; |
|
| | | trustee policy and review |
|
| | | In furtherance of the provisions of section 10902, | | subsection 2, paragraph B, the Board of Trustees of the Maine | | Maritime Academy, the Board of Trustees of the University of | Maine System and the Board of Trustees of the Maine Technical |
|
|
