An Act Amend the bill by striking out all of section and inserting in its place the following: . Sec. 1. 10 MRSA §363, sub-§I-A, as amended by PL 2003, c. 112, §1, is. further amended to read: I-A. Procedure. For each calendar year, the Legislature may establish a procedure for allocation of the entire amount of the state ceiling by allocating an amount of the state ceiling to the specific issuers designated in this section for further allocation by each specific issuer to itself or to other issuers for specific bond issues requiring an allocation of the state ceiling or for carryforward. This procedure supersedes the federal formula to the full extent that the United States Code, Title 26, authorizes the Legislature to vary the federal formula. Allocations may be reviewed by the Legislature periodically and unused allocations may be reallocated to other issuers; however, notwithstanding the existence of legislation allocating or reallocating all or any portion of the state ceiling, at any time during the period from September 1st to and including December 31st of any calendar year, and at any other time that the Legislature is not in session, a group consisting of a representative of each of the issuers specifically identified in subsections 4, ~ 6, 7, and 8-A; and a representative of the Governor designated each year by the Page 1-LR1848(3) HOUSE AMENDMENT
Maine Legislature, Session 121, LD 1402
House Amendment HA_A_H358 (House)
Amends: 10 MRSA §363

AMENDMENT .. /f.. to H.P. 1029. 
the Voting Members of Certain 
L.D. 1402, Bill, 
State Entities" 
"An Act 
Amend 
the bill by striking out all of 
section 
and 
inserting in its place the following: 
. Sec. 1. 10 MRSA §363, sub-§I-A, as amended by PL 2003, c. 
112, §1, is. further amended to read: 
I-A. 
Procedure. 
For each calendar year, the Legislature 
may establish a procedure for allocation of the entire amount of 
the state ceiling by allocating an amount of the state ceiling to 
the specific issuers designated in this section for 
further 
allocation by each specific issuer to itself or to other issuers 
for specific bond issues requiring an allocation of the state 
ceiling or 
for 
carryforward. 
This 
procedure 
supersedes 
the 
federal formula to the full extent that the United States Code, 
Title 
26, 
authorizes 
the 
Legislature 
to 
vary 
the 
federal 
formula. 
Allocations 
may 
be 
reviewed 
by 
the 
Legislature' 
periodically and unused allocations may be reallocated to other 
issuers; however, 
notwithstanding the existence of legislation 
allocating or reallocating all or 
any portion of the state 
ceiling, at any time during the period from September 1st to and 
including December 31st of any calendar year, and at any other 
time that the Legislature is not in session, a group consisting 
of 
a 
representative 
of 
each 
of 
the 
issuers 
specifically 
identified in 
subsections 
4, 
~ 6, 
7, 
and 
8-A; 
and 
a 
representative of 
the 
Governor 
designated each year 
by 
the 
HOUSE AMENDMENT 
HOUSE AMENDMENT ,,~ to H.P. 1029, L.D. 1402 
Governor may, by written agreement executed by no fewer than -4-
~ of 
the 
voting 
representatives, 
allocate 
amounts 
not 
previously allocated and reallocate unused allocations from one 
of the specific issuers designated in this section to another 
specific issuer for further allocation or carryforward, 
with 
respect to the state ceiling for that calendar year only. 
In no 
event may any issuer have more than one vote. 
If an issuer is 
allocated a 
portion of 
the state ceiling in more 
than one 
category, the written agreement must be executed by no fewer than 
of the 
voting representatives. 
~he--issQeF--s~eeifieally 
iseRtifies--iR--SQSseetieR--&--aRS--a A representative 
of 
the 
Department of Economic and Community Development designated each 
year by the Commissioner of Economic and Community Development 
shall participate as .a nonvoting RleRlSeFS member of the group of 
representatives described in this subsection with respect to 
agreements or recommendations for allocation or reallocation of 
the state ceiling. 
Except for records containing specific and 
identifiable personal information acquired from applicants for or 
recipients of financial assistance, the records of the group of 
representatives described in this subsection are public records 
and the meetings of the group of representatives described in 
this subsection are public proceedings within the meaning of 
Title 1, chapter 13, subchapter 1.' 
SUMMARY 
This amendment is being presented on behalf of the Committee 
on Bills in the Second Reading to incorporate changes made by 
Public Law 2003, chapter 112, section 1. 
SPONSORED BY: &7P" 
(Representative RINES) 
TOWN: 
Wiscasset 
HOUSE AMENDMENT