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| | | An Act To Amend the Eligibility Requirements for the Maine |
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| | | Biomedical Research Program |
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| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 5 MRSA §13103, sub-§1, ķA-2 is enacted to read: |
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| | | A-2. "Affiliate" means a corporation, limited liability | | company or other entity that controls, is controlled by or | | is under common control with the applicant.__A majority of | | the membership, stock ownership or other voting authority is | | conclusively presumed to establish control. |
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| | | Sec. 2. 5 MRSA §13103, sub-§1-A is enacted to read: |
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| | | 1-A.__Eligibility and fulfillment of requirements based on prior | | activity of affiliate.__Until July 1, 2009, any one or more of the | | requirements of this subchapter, including eligibility requirements under | | subsection 1, paragraph B, may be satisfied by an applicant created after | | July 1, 2001 if that requirement is satisfied by one or more affiliates | | of the applicant and if at least one affiliate of the applicant received | | funding from the fund prior to July 1, 2005.__After July 1, 2009, an | | applicant that has established eligibility pursuant to this subsection | | must itself meet all other requirements of this subchapter. |
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