An Act To Establish the Maine Space Corporation
Maine Legislature, Session 130, LD 1923
Committee: Innovation, Development, Economic Advancement and Business
Sponsors: DAUGHTRY, BREEN, CYRWAY, HICKMAN, DODGE, FECTEAU, ROBERTS

Legislative Document
No. 1923
S.P. 678
In Senate, January 20, 2022
An Act To Establish the Maine Space Corporation
Approved for introduction by a majority of the Legislative Council pursuant to Joint Rule 
203.
Received by the Secretary of the Senate on January 18, 2022.  Referred to the Committee 
on Innovation, Development, Economic Advancement and Business pursuant to Joint Rule 
308.2 and ordered printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator DAUGHTRY of Cumberland.
Cosponsored by Senators: BREEN of Cumberland, CYRWAY of Kennebec, HICKMAN of 
Kennebec, Representatives: DODGE of Belfast, Speaker FECTEAU of Biddeford, McCREA 
of Fort Fairfield, ROBERTS of South Berwick.
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  5 MRSA c. 393 is enacted to read:
CHAPTER 393
MAINE SPACE CORPORATION
§13201.  Maine Space Corporation established
The Maine Space Corporation is established as a body corporate and politic to carry 
out the purposes of this chapter.  The corporation shall leverage the State's geographic, 
rocketry, manufacturing and higher education assets and capabilities to establish the State 
as a national and international industry destination and an authority in launching small 
launch vehicles and small satellites into polar orbit by:
1.  Properties.  Acquiring and managing properties within the geographic boundaries 
of the State to develop and operate the Maine Space Complex and its ancillary facilities;
2.  Permits.  Facilitating the acquisition of permits for launch sites from the Federal 
Government in order to host launch providers;
3.  Workforce.  Facilitating the creation of a highly skilled workforce and attracting 
and retaining young workers in a new space economy;
4.  Facilities.  Providing facilities for research and development; small rocket and small 
satellite manufacturing, integration, testing and evaluation; and education and tourism;
5.  Education.  Enhancing science, technology, engineering and mathematics 
education and engagement in kindergarten to grade 12 and higher education curricula 
through partnerships with private industry to explore use cases for satellite data;
6.  Business intelligence.  Providing satellite-derived business intelligence for local 
industries to improve decision making;
7.  Businesses and jobs.  Facilitating new high-tech and data-driven businesses and 
jobs creation;
8.  Engagement.  Serving as a place to engage and inspire the public through 
programming;
9.  Out-of-state.  Attracting out-of-state businesses, business visitors and tourists to 
the State; and
10.  Revenue.  Creating new revenue and expanding the tax base of the primary impact 
communities as an international asset.
§13202.  Definitions
As used in this chapter, unless the context otherwise indicates, the following terms 
have the following meanings.  
1. Board of directors. "Board of directors" means the board of directors of the 
corporation established in section 13203, subsection 4. 
2.  Bond. "Bond" means a bond or note or other evidence of indebtedness authorized 
under this chapter, whether issued under or pursuant to a bond resolution, trust indenture, 
loan or other security agreement.
3.  Corporation.  "Corporation" means the Maine Space Corporation established in 
section 13201.
4.  Maine Space Complex.  "Maine Space Complex" or "complex" means the Maine 
Space Complex established pursuant to section 13203, subsection 1.
5. New space economy. "New space economy" means the full range of decentralized, 
diversified, entrepreneurial and accessible activities and the use of resources and players 
across industries that create value and benefits to human beings in the course of exploring, 
researching, understanding, managing and using extraterrestrial space.
6.  Operating revenues.  "Operating revenues" means funds available to the 
corporation from fees, fares and rental or sale of property and miscellaneous revenue and 
interest not otherwise pledged or dedicated.
7.  Primary impact communities.  "Primary impact communities" means Aroostook 
County, Cumberland County and Washington County.
8.  Real or personal property.  "Real or personal property" means properties and 
assets purchased by the corporation or transferred to the corporation from federal, state, 
local and private entities and individuals.
§13203.  Maine Space Corporation; powers; board of directors; obligations
1.  Maine Space Complex.  The Maine Space Corporation shall establish and promote 
the Maine Space Complex, which must include but is not limited to the following business 
units:
A.  The Maine Space Data and Advanced Analytics Center of Excellence, which must 
be a state-of-the-art computer center with networks equipped to import or downlink, 
store, cleanse, manage and analyze satellite data in concert with terrestrial data for the 
purposes of addressing business and public issues in innovative ways and creating new 
data products and services;
B.  The Maine New Space Innovation Hub, which must be an industry meeting place, 
a hub for new business incubation and acceleration, facilities for satellite and launch 
vehicle manufacturing and integration and ground control for satellite launch 
operations.  The shared space must contain specialized equipment to facilitate business 
research and development, academic and scientific inquiry and a kindergarten to grade 
learning center and must be designed to attract both in-state and out-of-state 
interests; and 
C.  Maine Launch Sites and Services, which must consist of staging and launch sites 
for sending small vehicles with nanosatellites into polar orbit.
2.  Additional powers.  The Maine Space Corporation may:
A.  Sue and be sued;
B.  Adopt bylaws or rules consistent with this chapter for the governance of its affairs;
C.  Exercise all of the general powers of corporations under Title 13-C, section 302;
D.  Provide for public safety by imposing appropriate rules, regulating appropriate use 
of the complex's facilities and ensuring compliance with rules as they apply to the use 
of the complex's facilities;
E.  Charge and collect fees, charges and rents for the use of the complex's properties 
and other services and use the proceeds of those fees, charges and rents for the purposes 
provided in this chapter, subject to and in accordance with any agreement with 
bondholders that may be made as provided in this chapter;
F.  Contract with the Federal Government or its instrumentalities or agencies; the State 
or its agencies, instrumentalities or municipalities; public bodies; private corporations; 
partnerships; associations; and individuals to carry out the purposes of this chapter;
G.  Accept the aid and cooperation of the Federal Government or its agencies in the 
construction, maintenance, reconstruction, operation and financing of the complex's 
facilities and take necessary actions to make use of that aid and cooperation;
H.  Borrow money and apply for and accept advances, loans, grants, contributions and 
other forms of financial assistance from the Federal Government, the State, a 
municipality or other public body or from other sources, public or private, for the 
purposes of this chapter and give any security that is required and enter into and carry 
out contracts in connection with any financial assistance;
I.  Borrow money and make, issue and sell at public or private sale negotiable notes, 
bonds and other evidences of indebtedness or obligation of the corporation for the 
purposes of this chapter and secure the payment of that indebtedness or obligation or 
any part of that indebtedness or obligation by pledge of all or any part of the operating 
revenues of the corporation;
J.  Enter into loan or security agreements with one or more lending institutions, 
including, but not limited to, banks, insurance companies and institutions that 
administer pension funds, or with trustees of those institutions, for the issuance of 
bonds and exercise with respect to those loan or security agreements all of the powers 
delineated in this chapter for the issuance of bonds; 
K.  Provide from operating revenues for the maintenance, construction or 
reconstruction of facilities to ensure the public safety for which the corporation has not 
otherwise provided;
L.  Adopt rules for the administration of this chapter.  Rules adopted pursuant to this 
paragraph are routine technical rules pursuant to chapter 375, subchapter 2-A; and
M.  Take all other lawful action necessary and incidental to these powers.
3.  Members of corporation.  Members of the corporation are individuals and 
organizations that pay dues to the corporation.  Memberships may be set at different levels.
A.  Members are private individuals, partnerships, small and large businesses, federal, 
state and local governmental entities, private and public higher education institutions 
and other public or quasi-public entities that are interested in advancing the State's new 
space economy.
B.  Other than the right to vote on matters as specified in the bylaws of the corporation, 
the members have no authority to manage or direct the affairs and activities of the 
corporation.
4.  Board of directors.  The Board of Directors of the Maine Space Corporation 
consists of 15 directors, of whom 6 directors are ex officio as specified in paragraph B, and 
directors are appointed as specified in paragraph C.  Each director is entitled to one vote.  
A.  The board of directors has the full authority to direct the affairs and activities of the 
corporation.  
B.  Ex officio members of the board of directors are:
(1)  The Commissioner of Economic and Community Development or the 
commissioner's designee;
(2)  The President of the Maine Technology Institute or the president's designee;
(3)  The Chancellor of the University of Maine System or the chancellor's designee;
(4)  The President of the Maine Community College System or the president's 
designee;
(5)  The executive director of the Midcoast Regional Redevelopment Authority or 
the executive director's designee; and
(6)  The executive director of the Loring Development Authority of Maine or the 
executive director's designee.
C.  The members of the board who are not ex officio members are appointed by the 
Governor and subject to confirmation by the Senate and must be individuals or 
representatives of organizations that are in a position to advance the purposes and goals 
of the corporation and are able to have a significant impact on improving the State's 
space economy infrastructure as specified in the bylaws of the corporation.  
Membership under this paragraph must include:
(1)  A representative of a business in the State with fewer than 25 employees that 
is involved in the aerospace industry;
(2)  A representative of a business in the State with 25 or more employees that is 
involved in the aerospace industry;
(3)  A resident of Aroostook County;
(4) A resident of Cumberland County;
(5)  A resident of Washington County;
(6)  A representative of a nonprofit research organization in the State that uses 
satellite-based data;
(7)  A representative of an elementary or secondary school in the State;
(8)  A representative of a business that is involved in innovation and research and 
development in satellite development and manufacturing, data and analytics or 
launch services; and
(9)  A representative of business investors.
The terms of the members of the board of directors who are not ex officio members 
must be staggered as specified in the bylaws of the corporation.
D.  The board of directors shall elect a chair and vice-chair from among its members.  
The corporation may employ an executive director, technical experts and other agents 
and employees, permanent and temporary, as required and may determine their 
qualifications, duties and compensation.  For required legal services, the corporation 
may employ or retain its own counsel and legal staff.
E.  For transacting business at board meetings, a majority of directors then in office 
constitutes a quorum.  The vote of a majority of the directors present at board meetings 
constitutes the act of the board of directors.
5.  Liability.  The liability of the corporation is governed by the Maine Tort Claims 
Act.  A member of the board of directors or an employee of the corporation is not subject 
to any personal liability for having acted in the service of the member's or employee's duty 
as a member of the board of directors or an employee of the corporation within the course 
and scope of membership or employment to carry out a power or duty under this chapter. 
The corporation shall indemnify a member of the board of directors or an employee of the 
corporation against expenses actually and necessarily incurred in connection with the 
defense of an action or proceeding in which a member of the board of directors or an 
employee of the corporation is made a party by reason of past or present association with 
the corporation.
6.  Expenses.  A member of the board of directors is not entitled to receive 
compensation for services to the corporation but is entitled to receive reimbursement for 
necessary expenditures, including travel expenses incurred in carrying out those services.
§13204.  Use of operating revenues
1.  Principal use of revenues.  Operating revenues must be used principally to reinvest 
in the properties held by the corporation.
2.  Permitted liability limited.  All expenses incurred in carrying out the provisions 
of this chapter must be paid solely from funds provided by the corporation, and liability or 
obligation may not be incurred under this chapter beyond the extent to which funds have 
been provided by the corporation.
3.  Equal opportunity employers.  Contractors and subcontractors on corporation 
construction and reconstruction projects must be equal opportunity employers and, for 
contracts of more than $250,000, shall pursue in good faith affirmative action programs as 
defined in section 782.  
§13205.  Property of corporation
The corporation may hold and acquire property as set out in this section.
1.  Lease or sale.  Properties may be leased, purchased or sold to develop and operate 
the Maine Space Complex as determined appropriate by the corporation.  Resources 
acquired as a result of the lease or sale of these properties become operating revenues or 
assets of the corporation.
2.  Authority for transfers of interest in land to corporation.  Upon the corporation's 
request, on reasonable and fair terms and conditions and without the necessity for 
advertisement, order of court or action or formality other than the regular and formal action 
of the authorities concerned, counties, municipalities, public agencies or instrumentalities 
of the State, public service corporations and special districts may lease, lend, grant or 
convey to the corporation real or personal property or rights in that property that may be 
necessary or convenient for the effectuation of the authorized purposes of the corporation, 
including real and personal property or rights in that property already devoted to public 
use. As used in this subsection, "public service corporation" includes a public utility as 
defined in Title 35-A, section 102, subsection 13 and a corporation under Title 13-C.
§13206.  Maine Space Complex Fund
1.  Maine Space Complex Fund established.  There is established a nonlapsing fund 
to be known as the Maine Space Complex Fund, referred to in this section as "the fund," 
for the purpose of receiving funds from the State and gifts, grants, devises, bequests, trusts 
or security documents to support the operations of the corporation and the Maine Space 
Complex.  The State shall credit to the fund any appropriation made to the corporation in 
the fiscal year in which the appropriation is made.
A.  The fund must be used to:
(1)  Purchase, lease, acquire, own, improve, use, sell, convey, transfer or otherwise 
deal in and with a corporation property, a corporation project or any interest in the 
corporation property or corporation project, whether tangible or intangible, as 
otherwise authorized under this chapter;
(2)  Pay the costs of operating, maintaining, improving and repairing all property 
and projects of the corporation;
(3)  Pay the costs of administering and operating the corporation, including, but 
not limited to, all wages, salaries, benefits and other expenses authorized by the 
board of directors or the executive director;
(4)  Pay the principal and premium, if any, and the interest on the outstanding bonds 
of the corporation related to a corporation property or corporation project as they 
become due and payable;
(5)  Create and maintain reserves required or provided for in any law authorizing 
or any security document securing the bonds of the corporation related to a 
corporation property or corporation project;
(6)  Create and maintain a capital improvement fund for a corporation property and 
corporation project established by the board of directors;
(7)  Pay all taxes owed by the corporation related to a corporation property or 
corporation project; and
(8)  Pay all expenses incident to the management and operation of the corporation.
B.  The fund constitutes a continuing appropriation for the benefit of the corporation. 
Any amount remaining in the fund at the close of any fiscal year is carried over and 
credited to the fund for the succeeding year. 
C.  Money in the fund must be paid to the corporation on manifests approved by the 
Governor and Legislature in the same manner as other state claims are paid. 
D.  The revenues received by and due to the corporation from all sources other than 
state appropriation must be retained by the corporation and must be used in such a 
manner as the board of directors determines consistent with the provisions of this 
section or as otherwise provided by law or by the terms and conditions of any gift, 
grant, devise, bequest, trust or security document. 
§13207.  Bonds
1. Hearing required.  The corporation may issue bonds to finance its activities only 
after giving notice of the proposed issuance and its terms at least twice in a newspaper of 
general circulation in the appropriate primary impact community and holding a duly 
advertised public hearing on the issuance.
2.  Authority.  The corporation may issue bonds from time to time in its discretion to 
finance the undertaking of an authorized activity under this chapter, including, but not 
limited to, the payment of principal and interest upon advances for surveys and plans, and 
may issue refunding bonds for the payment or retirement of bonds previously issued.
A.  The principal and interest of bonds must be made payable solely from the income, 
proceeds, revenues and funds of the corporation derived from or held for activities 
under this chapter.  Payment of the principal and interest of bonds may be further 
secured by a pledge of a loan, grant or contribution from the Federal Government or 
other source in aid of activities of the corporation under this chapter and by a mortgage 
of an urban activity or a project or part of a project, title to which is in the corporation.  
B.  Bonds issued under this section do not constitute an indebtedness within the 
meaning of any constitutional or statutory debt limitation or restriction and are not 
subject to other laws or charters relating to the authorization, issuance or sale of bonds.  
Bonds issued under this chapter are declared to be issued for an essential public and 
governmental purpose and, together with interest on and income from the bonds, are 
exempt from all taxes. 
C.  Bonds may not be issued by the corporation until the corporation has received a 
certificate of approval from the Finance Authority of Maine authorizing issuance of the 
bonds.  Before issuing a certificate of approval under this section, the Finance 
Authority of Maine must determine that there is a reasonable likelihood that the 
income, proceeds, revenues and funds of the corporation derived from or held for 
activities under this chapter or otherwise pledged to payment of the bonds will be 
sufficient to pay the principal, the interest and all other amounts that may at any time 
become due and payable under the bonds.  In making this determination, the Finance 
Authority of Maine shall consider the corporation's analysis of the proposed bond issue 
and the revenues to make payments on the bonds and may require such information, 
projections, studies and independent analyses as it considers necessary or desirable and 
may charge the corporation reasonable fees and expenses.  The issuance by the Finance 
Authority of Maine of a certificate of approval under this section does not constitute 
an endorsement of the bonds or the projects or purposes for which those bonds are 
issued, and the corporation or any other person or entity, including, without limitation, 
any holder of bonds of the corporation, has no cause of action against the Finance 
Authority of Maine with respect to any certificate of approval.  The Finance Authority 
of Maine may require that it be indemnified, defended and held harmless by the 
corporation for any liability or cause of action arising with respect to the bonds. 
3.  General characteristics.  Bonds authorized under this section may be issued in one 
or more series.  The resolution, trust indenture or mortgage under which the bonds are 
issued may include the following:
A.  The date or dates borne by the bonds; 
B.  Whether the bonds are payable upon demand or mature at a certain time or times;
C.  The interest rate or rates of the bonds;
D.  The denomination or denominations of the bonds; 
E.  The form of the bonds, whether coupon or registered;
F.  The conversion or registration privileges carried by the bonds;
G.  The rank or priority of the bonds;
H.  The manner of execution of the bonds;
I.  The medium and place or places of payment of the bonds;
J.  The terms of redemption of the bonds, with or without premium;
K.  The manner in which the bonds are secured; and 
L.  Any other characteristics of the bonds.
4.  Price sold. The bonds may be:
A.  Exchanged for other bonds on the basis of par;
B.  Sold to the Federal Government at private sale at not less than par.  If less than all 
of the authorized principal amount of the bonds is sold to the Federal Government, the 
balance may be sold at private sale at not less than par at an interest cost to the 
corporation that does not exceed the interest cost to the corporation of the portion of 
the bonds sold to the Federal Government; or
C.  Sold to a person on such terms as the corporation may negotiate.
5.  Signatures of outgoing officers; negotiability.  If an official of the corporation 
whose signature appears on a bond or coupon issued under this chapter ceases to be an 
official before the bond is delivered, the signature is nevertheless valid for all purposes as 
if the official had remained in office until the delivery.  Notwithstanding contrary 
provisions of law, bonds issued under this chapter are fully negotiable.
6.  Bond recitation; conclusive presumptions.  In actions or proceedings involving 
the validity or enforceability of a bond issued under this chapter or the security for that 
bond, a bond reciting in substance that it has been issued by the corporation in connection 
with an activity is conclusively deemed to have been issued for that purpose and the activity 
is conclusively deemed to have been planned, located and carried out in accordance with 
this chapter.
7.  No personal liability; not debt of State.  A member of the board of directors and 
the person executing the bonds are not liable personally on the bonds by reason of the 
issuance of the bonds.  The bonds and other obligations of the corporation must have stated 
on their face that they are not a debt of the State and that the State is not liable on the bonds.  
The bonds or obligations may not be payable out of funds or properties other than those of 
the corporation acquired for the purposes of this chapter.
8.  Bonds as legal investments.  Public officers, municipal corporations, political 
subdivisions and public bodies; banks, trust companies, bankers, savings banks and 
institutions, building and loan associations, savings and loan associations, investment 
companies and other persons carrying on a banking business; insurance companies, 
insurance associations and other persons carrying on an insurance business; and executors, 
administrators, curators, trustees and other fiduciaries may legally invest sinking funds, 
money or other funds belonging to them or within their control in bonds or other obligations 
issued by the corporation under this chapter.  These bonds or other obligations are 
authorized security for all public deposits.  It is the purpose of this section to authorize 
persons, political subdivisions and officers, public or private, to use funds owned or 
controlled by them for the purchase of these bonds or other obligations.  This section does 
not relieve a person of any duty or of exercising reasonable care in selecting securities.
9.  Investment of funds; redemption of bonds.  The corporation may:
A.  Invest, in property or securities in which savings banks may legally invest funds 
subject to their control, funds held in reserves, sinking funds or funds not required for 
immediate disbursement; and 
B.  Cancel its bonds by redeeming them at the redemption price established in the bonds 
or by purchasing them at less than redemption price.
§13208.  Interest of public officials, directors or employees
1.  Acquisition of interest.  A public official, member of the board of directors or 
employee of the corporation may not acquire or hold a direct or an indirect financial or 
personal interest in:
A.  A corporation activity;
B.  Corporation property; or 
C.  A contract or proposed contract in connection with a corporation activity. 
2.  Present or past interest in property.  If a public official, member of the board of 
directors or employee of the corporation presently owns or controls, or owned or controlled 
within the preceding 2 years, a direct or an indirect interest in property known to be 
included or planned to be included in a corporation activity, that public official, trustee or 
employee shall disclose this fact immediately in writing to the board of directors and the 
disclosure must be entered in the board's minutes.
3.  Recusal.  A public official, member of the board of directors or employee of the 
corporation with an interest in property under this section may not participate in an action 
by the corporation affecting that property.
4.  Violation.  A violation of this section is a Class E crime.
§13209.  Exemption from execution
1.  Property exempt from execution.  The real and personal property, including funds, 
of the corporation is exempt from levy and sale by virtue of an execution.  An execution or 
other judicial process may not be issued against the corporation's real and personal 
property, and a judgment against the corporation may not be a charge or lien upon its real 
and personal property.
2.  Construction; limitation of application.  This section does not:
A.  Prohibit the corporation from making payments in lieu of taxes to a municipality; 
or 
B.  Apply to or limit the right of an obligee to foreclose or otherwise enforce a mortgage 
of the corporation or to pursue remedies for the enforcement of a pledge or lien given 
by the corporation on its rents, fees, grants, revenues or other sources pledged by the 
corporation to the payment of its bonds. 
§13210.  Maine Space Complex Job Increment Financing Fund
1.  Definitions.  As used in this section, unless the context otherwise indicates, the 
following terms have the following meanings.
A.  "Affiliated business" means one of 2 businesses exhibiting either of the following 
relationships:
(1)  One business owns 50% or more of the stock of the other business or owns a 
controlling interest in the other; or
(2)  Fifty percent of the stock of each business or a controlling interest in each 
business is directly or indirectly owned by a common owner or owners.
B.  "Assessor" means the State Tax Assessor.
C.  "Base level of employment" means either the total employment of an employer as 
of March 31st, June 30th, September 30th and December 31st of the calendar year 
immediately preceding the date the employer begins operations at the complex and its 
ancillary facilities divided by 4 or its average employment during the base period, 
whichever is greater.
D.  "Base period" means the 3 calendar years prior to the year in which an employer 
begins operations at the complex and its ancillary facilities.
E.  "Commissioner" means the Commissioner of Economic and Community 
Development.
F.  "Fund" means the Maine Space Complex Job Increment Financing Fund established 
pursuant to subsection 2.
G.  "Job tax increment" means that level of state income tax withholding attributed to 
any employees employed within the complex and its ancillary facilities above the base 
level of employment for an employer in the complex and its ancillary facilities or its 
average employment during the base period. "Job tax increment" does not include 
withholding from employees or positions shifted by an employer as calculated 
generally pursuant to Title 36, chapter 917.  The shifting restriction must apply to all 
employers in the complex and its ancillary facilities. 
2.  Fund established.  The Maine Space Complex Job Increment Financing Fund is 
established to receive job tax increment transfers from job creation in the properties leased 
or owned by the corporation.  The fund must receive annually from the State the amount 
calculated under subsection 5.
3.  Limitations.  The fund is subject to the following limitations.
A.  Payments from the fund allocated to the corporation must be used solely to fund 
the costs of:
(1)  Municipal services, including, but not limited to, water, sewer, electricity, 
telecommunications, fire protection, police protection, sanitation services and the 
maintenance of buildings, facilities, grounds and roads in the complex and its 
ancillary facilities; and
(2)  Higher education services, including, but not limited to, faculty and staff 
salaries and instruction, operations, equipment, maintenance and financing costs, 
which include but are not limited to closing costs, issuance costs and interest paid 
to holders of evidences of indebtedness issued to pay for project costs and any 
premium paid over the principal amount of that indebtedness because of the 
redemption of the obligations before maturity.
B.  To the extent that revenues received by the fund are not expended for current costs 
under paragraph A, the fund must retain the revenues to defray future costs under that 
paragraph.
C.  State income tax withholding eligible for reimbursement to a qualified business 
pursuant to Title 36, chapter 917 or to a qualified Pine Tree Development Zone 
business under Title 30-A, chapter 206 is not eligible for use in the calculation of a 
payment to the fund under subsections 4 and 5. State income tax withholding under 
Title 36, chapter 919 or any other tax credit or reimbursement program based on state 
income tax withholding is not eligible for use in calculation of a payment to the fund 
under subsections 4 and 5.
4.  Certification by authority.  By February 15th of each year, beginning in 2023, the 
corporation shall provide a report identifying each employer located at the complex and its 
ancillary facilities to the commissioner.  The commissioner shall certify annually to the 
assessor on or before June 30th of each year, beginning in 2023, the following information:
A.  Employment, payroll and state withholding data necessary to calculate the base 
level of employment at the complex and its ancillary facilities;
B.  The total number of employees added during the previous year within the complex 
and its ancillary facilities above the base level of employment, including additional 
associated payroll and state withholding data necessary to calculate the job tax 
increment and establish the appropriate payment to the fund;
C.  A listing of all employers within the complex and its ancillary facilities that pay 
state withholding taxes, the locations of those employers and the number of employees 
at each location;  
D.  A listing of all affiliated businesses, data regarding current employment, payroll 
and state income tax withholding for each affiliated business within the complex and 
its ancillary facilities; and 
E.  Any information required by the assessor to determine the employment tax 
increment revenues pursuant to Title 36, chapter 917.
5.  Procedure for payment of revenue to fund.  On or before July 15th of each year, 
the assessor shall review the information required by subsection 4 and calculate the job tax 
increment for the preceding calendar year.  The assessor shall also calculate the 
employment tax increment in the complex and its ancillary facilities for reimbursement to 
qualified businesses and qualified Pine Tree Development Zone businesses pursuant to 
Title 36, chapter 917.  On or before July 15th of each year, the assessor shall certify to the 
State Controller the total remaining job tax increment after reimbursements have been 
made to qualified businesses and qualified Pine Tree Development Zone businesses 
pursuant to Title 36, chapter 917.  On or before July 31st of each year, the State Controller 
shall transfer 50% of the remaining job tax increment to the state job tax increment 
contingent account established, maintained and administered by the State Controller from 
General Fund undedicated revenue within the withholding tax category.  On or before July 
31st of each year, the State Controller shall deposit this revenue into the fund.
6.  Administration.  The Commissioner of Administrative and Financial Services shall 
administer the fund and may adopt rules for implementation of the fund.  Rules adopted 
pursuant to this subsection are routine technical rules pursuant to chapter 375, subchapter 
2-A.
§13211.  Termination of corporation
The corporation is not dissolved until: 
1.  Legislature provides for termination.  It is terminated by the Legislature; and
2.  Payment of bonds, premium and interest.  The bonds, premium, if any, and 
interest have been paid or a sufficient amount for the payment of the bonds and interest to 
maturity or a prior redemption date have been irrevocably set aside in trust for the benefit 
of the bondholders.
§13212.  Annual report
1.  Annual financial report.  The corporation shall submit annually to the Governor, 
the Executive Director of the Legislative Council and the joint standing committee of the 
Legislature having jurisdiction over 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 may also be provided to any other member of the Legislature and 
to any other person.  The report must include all of the following for the previous fiscal 
year:
A.  A description of the corporation's operations;
B.  An accounting of the corporation's receipts and expenditures, assets and liabilities 
at the end of its fiscal year; 
C.   A listing of all property transactions pursuant to section 13205; 
D.  An accounting of all activities related to the Maine Space Complex Fund under 
section 13206;
E.  A listing of any bonds issued during the fiscal year under section 13207;
F.  A statement of the corporation's proposed and projected activities for the ensuing 
year; and
G.  Recommendations regarding further actions that may be suitable for achieving the 
purposes of this chapter.
SUMMARY
This bill establishes the Maine Space Corporation to leverage the State's geographic, 
rocketry, manufacturing and higher education assets and capabilities to establish the State 
as a national and international industry destination and an authority in launching small 
launch vehicles and small satellites into polar orbit.  The corporation may establish and 
promote the Maine Space Complex, which is to include the following business units:
1.  The Maine Space Data and Advanced Analytics Center of Excellence, a state-of-
the-art computer center with networks equipped to import or downlink, store, cleanse, 
manage and analyze satellite data in concert with terrestrial data for the purposes of 
addressing business and public issues in innovative ways and creating new data products 
and services;
2.  The Maine New Space Innovation Hub, an industry meeting place, a hub for new 
business incubation and acceleration, facilities for satellite and launch vehicle 
manufacturing and integration and ground control for satellite launch operations containing 
specialized equipment to facilitate business research and development, academic and 
scientific inquiry and a kindergarten to grade 12 learning center and designed to attract both 
in-state and out-of-state interests; and 
3.  Maine Launch Sites and Services, staging and launch sites for sending small 
vehicles with nanosatellites into polar orbit.
The bill also establishes the Maine Space Complex Fund for the purpose of receiving 
funds from the State and gifts, grants, devises, bequests, trusts or security documents to 
support the operations of the corporation and the complex and the Maine Space Complex 
Job Increment Financing Fund to receive job tax increment transfers from job creation in 
the properties leased or owned by the corporation.