An Act To Promote Economic Development in the GreaterPortland Region
Maine Legislature, Session 124, LD 1054
Committee Amendment CA_A_H378 (House)

COMMITTEE AMENDMENT" A " to H.P. 729, L.D. 1054, Bill, "An Act To 
Promote Economic Development in the GreaterPortland Region" 
Amend the bill in section I by striking out all of section 2 and inserting the 
following: 
'Sec. 2. Powers. The said corporation shall have has the power, within the confines 
of Portland aOO~ South Portland, Westbrook, Falmouth, Cape Elizabeth and Scarborough, 
to acquire, manage, operate or lease any business, facility structure, building, machinery 
or equipment oV/ned by the federal government or any agency thereof, which may 
hereafter become surplus property and not needed for any function of said federal 
government, including, but not restricting the pmver aforesaid, the utilization of 
shipyards, '.vharves, trackage, dry doaks and any facilities useful or necessary in 
connection therewith, and shall also have the power to acquire, build, manage, operate, 
rent or lease, other properties both real and persenal, within said confines of Portland and 
South Portland, and for those purposes to purchase, lease, hold, own, manage, control, 
sell, mortgage, lease or let land, buildings, real estate and rights in real estate, and all 
manncr of personal property, administer loans and grants to businesses and nonprofits for 
purposes of stimulating economic growth and revitalization efforts and fostering 
coordination between economic development entities within the confines of Portland, 
South Portland, Westbrook, Falmouth, Cape Elizabeth and Scarborough and to accept 
gifts thereof in trust, or otherwise.' 
Amend the bill in section 2 by strildng out all of section 5 and inserting the 
following: 
'Sec. 5. Annual report. The corporation shall have power to fix and receive by 
private contract or regularly established fees, revenue' fer the use, occupation or 
enjoyment of any of its property, and shall devote the same exclusively to the 
management, repair, replacement, construation, .and reconstruction, purchase and general 
development of its property 'VA thin the scope of its po'.vers as herein defined, and shall 
render an account thereof annually to the governor and his cound!. It shall be the policy 
of the said comoration to establish as rental for the facilities to be leased bv it a sum 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT" A" to H.P. 729, L.D. 1054 
which will be in parity with comparable facilities established by private enterprises so as 
to prevent any undue competitive condition ',,,,hich would tend to handicap, destroy or put 
out of business eJeisting competitive comparable facilities. submit to the Governor, and 
the joint standing cormnittee of the Legislature having jurisdiction over business, research 
and economic development matters, not later than 120 days after the close of the 
corporation's fiscal year, a complete report on the activities of the corporation. The 
report must include all of the following for the previous year: 
1. A description of the corporation's operations; 
2. An accounting of the corporation's receipts, expenditures, assets and liabilities at 
the end of its fiscal year; 
3. A statement of the corporation's proposed and projected activities for the ensuing 
year; and 
4. Recommeridations regarding further actions that may be suitable for achieving the 
purposes of this charter.' 
SUMMARY 
This amendment strikes the provisions in the bill that proposed to transfer the funds 
and assets of the Greater Portland Public Development Cormnission and updates its 
charter by replacing outdated property management powers with the power to provide 
and administer loans and grants to businesses and nonprofits for purposes of stimulating 
economic growth and revitalization efforts and fostering coordination between economic 
development entities within the confines of Portland, South Portland, Westbrook, 
Falmouth, Cape Elizabeth and Scarborough. It also requires the cormnission to submit an 
annual report summarizing its complete activities for the prior year, an accounting of its 
receipts, expenditures, assets and liabilities and a statement of its proposed activities for 
the coming year to the Governor and the joint standing cormnittee of the Legislature 
having jurisdiction over business, research and economic development matters. 
COMMITTEE AMENDMENT 
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