An Act To Authorize Bond Issues for Ratification by the Voters for the June and November 2007 Elections
Maine Legislature, Session 123, LD 1796
Committee Amendment CA_A-HA_B_H51 (House)

HOUSE AMENDMENT" 6" to COMMITTEE AMENDMENT "A" to S.P. 640, 
L.D. 1796, Bill, "An Act To Authorize Bond Issues for Ratification by the Voters for the 
June and November 2007 Elections" 
Amend the amendment in Part D in section I in the 3rd line (page 8, line 26 in 
amendment) by striking out the following: "$55,000,000" and inserting the following: 
'$55,500,000' 
Amend the amendment in Part D by striking out all of section 6 and inserting the 
following: 
'Sec. D-6. Allocations from General Fund bond issue. The proceeds of the 
sale of the bonds authorized under this Part must be expended as designated in the 
following schedule. 
DEPARTMENT OF ECONOMIC 
AND COMMUNITY 
DEVELOPMENT 
Maine Technology Institute 
HOUSE AMENDMENT 
HOUSE AMENDMENT "../; .. to COMMITTEE AMENDMENT "A" to S.P. 640, L.D. 1796 
r 
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~~~~). 
Provides funds for research, development 
$50,000,000 
and commercialization as prioritized by 
the Office of Innovation's 2005 Science 
and Technology Action Plan for Maine. 
The funds must be allocated to 
biotechnology, aquaculture and marine 
technology, composite materials 
technology, environmental technology, 
advanced technologies for forestry and 
agriculture, information technology and 
precision manufacturing technology 
through a competitive process, and must 
be awarded to Maine-based public and 
private entities to leverage matching 
funds on at least a one-to-one basis. 
Marine Fisheries Stock Enhancement 
Fund 
Provides funds to the Department of 
$500,000 
Economic and Community Development 
to capitalize and implement the Marine 
Fisheries Stock Enhancement Fund for 
properly evaluated commercial marine 
stock enhancement through applied 
research, development, monitoring and 
assessment. Money from the Marine 
Fisheries Stock Enhancement Fund may 
be used for infrastructure, production, 
applied research and assessment. 
FINANCE AUTHORITY OF MAINE 
Economic Recovery Loan Program 
$1,500,000 
Regional Economic Development 
$1,000,000 
Revolving Loan Program 
Agricultural Marketing Loan Fund 
$1,000,000 
MAINE RURAL DEVELOPMENT 
AUTHORITY 
Maine Rural Development Authority 
$1,500,000 
HOUSE AMENDMENT 
m,~ 
~~ 
HOUSE AMENDMENT • .,/J" to COMMITTEE AMENDMENT "A" to S.P. 640, L.D. 1796 
Amend the amendment in Part D in section 10 by striking out all of the question 
(page 10, lines 23 to 28 in amendment) and inserting the following: 
'''Do you favor a bond issue to stimulate economic development and job 
creation that would provide $5,000,000 in loans and grant funds, 
$50,500,000 in research, development and commercialization funds for 
targeted technology sectors, awarded after a competitive process 
administered by the Maine Technology Institute, and $500,000 for the 
capitalization and implementation of the Marine Fisheries Stock 
Enhancement Fund and that will leverage at least $50,000,000 in other 
funds?'" 
SUMMARY 
This amendment increases the amount of the proposed bond for research and 
development by $500,000 and proposes an expenditure of $500,000 to capitalize and 
implement the Marine Fisheries Stock Enhancement Fund in the Department of 
Economic and Community Development for properly evaluated commercial marine stock 
enhancement through applied research, development, monitoring and assessment. 
FISCAL NOTE REQUIRED 
( 
SPONSOREDBy:~~~~~~I~~~~~~~~_ 
(Representative EMERY) 
TOWN: Cutler 
HOUSE AMENDMENT 
Approved: 04/03/07 
~ac:.. 
LD 1796 
LR2594(04) 
An Act To Authorize Bond Issues for Ratification by the Voters for the June and November 2007 
Elections 
Fiscal Note for House Amendment "6,, to Committee Amendment ,.jf" 
Sponsor: Rep. Emery of Cutler 
Bond Issues 
General Fund - Taxable 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
Current biennium cost increase - General Fund 
Term (years) 
Principal 
$500,000 
Rate (%) 
5.75% 
Interest 
$158,125 
Total Cost 
$658,125 
This amendment provides an additional $500,000 in bond authorization for the capitalization and implementation of 
the Marine Fisheries Stock Enhancement Fund in the Department of Economic and Community Development. 
LR2594(04) - Fiscal Note - Page 1 of 1