(2) For a school administrative unit engaged simultaneously in an approved major capital project and a nonstate funded project approved by the commissioner in accordance with section 15905-A, 100% of the principal and interest costs for the approved major capital project and 50% of the principal and interest costs for the nonstate funded project only if the school administrative unit applied to the state board for major capital project approval and the project application involved received a rating in the top 50% on the major capital project priority list.

The department shall amend or adopt rules necessary to implement this paragraph.__Rules adopted by the department to implement this paragraph are routine technical rules pursuant to Title 5, chapter 375, subchapter 2-A.

Sec. 4. 20-A MRSA §15611, sub-§1, ķA, as amended by PL 1993, c. 410, Pt. F, §18, is further amended to read:

A. The local share of allocation for debt service is the product of the debt service allocation multiplied by the percentage local share determined in section 15609 or the debt service millage limit established in section 15607 times the fiscal capacity of the municipalities in the school administrative units, whichever is less.

(1) The debt service millage limit is the mills derived by dividing 45% 100% of the debt service costs as defined in section 15603, subsection 8 by the fiscal capacity of all municipalities.

(2) The local share percentage of debt service costs is the proportion that the local share of the allocation for debt service cost is to the maximum debt service cost allocation.

SUMMARY

This bill amends the requirements for local debt service costs that are eligible for state subsidy under the general