Be it enacted by the People of the State of Maine as follows:

Sec. 1. 30-A MRSA §125 is enacted to read:

§125.__Economic development

1.__Budget authority.__Subject to the provisions of chapter 3, subchapter 1, article 6, the county commissioners of Piscataquis County may raise, appropriate, borrow and expend money for the purposes of county economic development, subject to the following provisions and limitations.

A.__As used in this section, "county economic development" means assisting or encouraging the creation or preservation of new or existing employment opportunities for residents of Piscataquis County, or any of its municipalities or unorganized territories, through one or more of the following activities:

(1)__Development of new sites for the physical location, settlement or resettlement of new or expanded manufacturing, fishing, commercial or other business enterprises to be located within the county, including payment of related costs for surveying, land acquisition, land use and environmental permitting, engineering, legal services and infrastructure development;

(2)__Constructing or financing the development of new community industrial buildings, as defined in Title 5, section 13120-B, to be located within Piscataquis County;

(3)__Redevelopment of existing structures located within the county for commercial, industrial or mixed use;

(4)__Construction, financing or operating assistance to necessary publicly owned transportation facilities, including facilities for passenger and cargo transportation;

(5)__Provision of local matching funds for any state or federal transportation project, community development