An Act To Provide for the Efficient Administration of Scholarship Resources
Maine Legislature, Session 122, LD 0680
Committee: Business, Research and Economic Development
Sponsors: GAGNON, THOMPSON, DOW, AUSTIN, BEAUDETTE, CUMMINGS, LERMAN, NASS, SMITH
Amends: 20-A MRSA §10909, 29-A MRSA §456

Legislative Document 
No. 680 
S.P.216 
In Senate, February 8,2005 
An Act To Provide for the Efficient Administration of Scholarship 
Resources 
(EMERGENCY) 
Submitted by the Finance Authority of Maine pursuant to Joint Rule 204. 
Reference to the Committee on Business, Research and Economic Development suggested 
and ordered printed. 
Presented by Senator GAGNON of Kennebec. 
Cosponsored by Representative THOMPSON of China and 
JOY J. O'BRIEN 
Secretary ofthe Senate 
Senator: DOW of Lincoln, Representatives: AUSTIN of Gray, BEAUDETTE of Biddeford, 
CUMMINGS of Portland, LERMAN of Augusta, NASS of Acton, SMITH of Monmouth. 
Prin.ed on recycled paper-
Emergency preamble. Whereas, acts of the Legislature do not 
become effective until 90 days after adjournment unless enacted 
as emergencies; and 
Whereas, the ability of students of 
insti tutions of higher education may be 
financial assistance is not available at 
academic year; and 
this State to attend 
adversely affected if 
the beginning of the 
Whereas, in the judgment of the Legislature, these facts 
create an emergency within the meaning of the Constitution of 
Maine 
and 
require 
the 
following 
legislation 
as 
immediately 
necessary for the preservation of the public peace, health and 
safety; now, therefore, 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 8 MRSA §I036. sub-§2. F. as enacted by PL 2003, c. 
687, Pt. A, §5 and affected by Pt. D, §ll, is amended to read: 
F. 
Two percent of the total gross slot machine income must 
be forwarded by the board to the University of Maine System 
Scholarship Fund created in Title 20-A, section 11§Jl 10909; 
Sec. 2. 20-A MRSA §10909 is enacted to read: 
§10909. University of Maine System Scholarship Fund 
The Uni ve r s i tY-~~~iIt~~Q~eJl)--'s_c:hQJ. ar sh.i.QJund ~B. __ c:r.~a ted 
and established as a nonlapsing fund under the jurisdiction and 
control of the Board of Trustees of the University of 
Main~ 
System. 
All revenues credited to this fund must be distributed 
as need-based scholarshi~r students attending the University 
of Maine System. 
These Qcholarships may be awarded only to those 
students who are residents of the State. 
The fund may not .be 
used 
for 
the 
costs of 
administering 
the 
scholarships. 
Fees 
credited from the University of Maine System registration plate 
pursuant to Title 
29-A~ection 456 may not be di!?tributed a!? 
scholarships to students attending the University of Maine System. 
Sec.3. 20-A MRSA c. 419-B, as amended, is repealed. 
Sec. 4. 29-A MRSA §456, sub-§2, ~A, as amended by PL 1995, c. 
645, Pt. A, §2 and affected by §18, is further amended to read: 
A. 
Fourteen dollars 
to 
the 
Scholarship Fund established 
10909.; and 
University of 
in Title 20-A, 
Page l-LR0532(1) 
Maine 
System 
section 11§Jl 
Sec. 5. 29-A MRSA §456. sub-§5, ~A, as enacted by PL 1995, c. 
645, Pt. A, §2 and affected by §18, is amended to read: 
A. 
Fourteen dollars 
to 
the University of 
Scholarship Fund established in Title 20-A, 
10909; and 
Maine 
System 
section ll§;ll 
Sec. 6. 
Transfer of funds. 
All 
funds 
remaining 
in 
the 
University of Maine System Scholarship Fund held by the Finance 
Authority of Maine must be transferred to the Board of Trustees 
of the University of Maine System to be deposited on July 1, 2005 
in the University of Maine System Scholarship Fund created in the 
Maine Revised Statutes, Title 20-A, section 10909. 
Emergency clause. 
In view of the emergency cited in the 
preamble, this Act takes effect when approved. 
SUMMARY 
This 
bill 
eliminates 
the 
University 
of 
Maine 
System 
Scholarship Fund currently held by the Finance Authority of Maine 
and creates an identical fund to be administered by the Board of 
Trustees of 
the University of 
Maine 
System. 
The bill also 
requires the Finance Authority of Maine to transfer the funds 
from the old fund to the new fund by July 1, 2005.