| | | K.__Enter into loan or security agreements with one or more | | lending institutions, including, but not limited to, banks, | | insurance companies and institutions that administer pension | | funds, or trustees for those institutions for the issuance | | of bonds and exercise with respect to those loan or security | | agreements all of the powers delineated in this article for | | the issuance of bonds; |
|
| | | L.__Provide from operating revenues for the maintenance, | | construction or reconstruction of facilities to ensure the | | public safety for which the authority has not otherwise | | provided; |
|
| | | M.__Use operating revenues to provide payment of | | obligations, if any, due to the United States to implement | | the readjustment or reuse of the base facility; |
|
| | | N.__Adopt rules pursuant to the Maine Administrative | | Procedure Act; and |
|
| | | O.__Take all other lawful action necessary and incidental to | | these powers. |
|
| | | 2.__Membership; appointment.__The authority is governed by a | | board of trustees composed of 11 voting members appointed by the | | Governor and subject to review by the joint standing committee of | | the Legislature having jurisdiction over economic development | | matters and to confirmation by the Senate. |
|
| | | A.__Trustees are appointed for 4-year terms, except that, | | for initial appointments, 3 trustees are appointed to one- | | year terms, 3 trustees are appointed to 2-year terms, 2 | | trustees are appointed to 3-year terms, 2 trustees are | | appointed to 4-year terms and the commissioner designated | | pursuant to paragraph D serves at the pleasure of the | | Governor. |
|
| | | B.__A trustee continues to hold office until a successor is | | appointed and qualified, but the term of the successor is | | not altered from the original expiration date of the | | holdover trustee's term. |
|
| | | C.__The Governor shall make 10 appointments, of which no | | fewer than 7 must be from candidates who are residents of | | Androscoggin County, Cumberland County and Sagadahoc County | | and are nominated by the primary impact communities.__The | | Governor shall appoint members who reflect the diversity of | | interests represented by these communities. |
|
|