LD 468
pg. 198
Page 197 of 395 PUBLIC Law Chapter 12 Page 199 of 395
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LR 2149
Item 1

 
PART E

 
Sec. E-1. 30-A MRSA §5681, sub-§5, ¶¶A and B, as amended by PL 2003, c.
20, Pt. W, §1, are further amended to read:

 
A. For months beginning before July 1, 2005 2007, 5.1%; and

 
B. For months beginning on or after July 1, 2005 2007,
5.2%.

 
PART F

 
Sec. F-1. 4 MRSA §1610-D is enacted to read:

 
§1610-D. Additional securities

 
Notwithstanding any limitation on the amount of securities
that may be issued pursuant to section 1606, subsection 2, the
authority may issue additional securities in an amount not to
exceed $9,000,000 outstanding at any one time for preliminary
planning costs and capital repairs and improvements at various
state facilities.

 
Sec. F-2. Maine Governmental Facilities Authority; issuance of securities. Pursuant
to the Maine Revised Statutes, Title 4, section 1606, subsection
2 and section 1610-D, and notwithstanding the limitation
contained in Title 4, section 1606, subsection 2 regarding the
amount of securities that may be issued, the Maine Governmental
Facilities Authority is authorized to issue securities in its own
name in an amount up to $9,000,000 for the purpose of paying the
cost, including preliminary planning costs, including but not
limited to needs assessments and space planning, master planning,
capital asset assessments, concept design, design development and
final design including construction drawings, associated with
capital repairs and improvements to state-owned facilities
throughout the State as designated by the Commissioner of
Administrative and Financial Services.

 
Sec. F-3. Proceeds. The proceeds from the sale of the securities
issued by the Maine Governmental Facilities Authority pursuant to
the Maine Revised Statutes, Title 4, section 1610-D must be
expended for preliminary planning costs and capital repairs and
improvements to state-owned facilities.

 
Sec. F-4. Debt Service - Government Facilities Authority; balance carried forward.
Notwithstanding any other provision of law, $1,436,982 of fiscal
year 2004-05 savings resulting from the refunding and reissuance
of certain lease revenue bonds in the Debt Service - Government
Facilities Authority, General Fund


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