An Act to Amend the Ownership Disclosure Requirements for Applicants for Liquor Licenses and Certificates of Approval
Maine Legislature, Session 131, LD 2069
Committee Amendment CA_A_S663 (Senate)
Amends: 28-A MRSA §651

COMMITTEE AMENDMENT " ^ to S.P. 870, L.D. 2069, "An Act to Amend the
Ownership Disclosure Requirements for Applicants for Liquor Licenses and Certificates
of Approval"
Amend the bill by striking out all of sections 1 and 2 and inserting the following:
'See. 1. 28-A MRSA §651, sub-§2, ^fA, as amended by PL 2021, c. 658, §92,is
repealed and the following enacted in its place:
A. An applicant shall disclose any person that holds an ownership interest equal to or
greater than 10% in the person for whicha license or certificate of approval is sought.
If the applicant is a purchaser by contract, the applicant shall also disclosethe terms of
the contract.
CD For any person that holds an ownership interest equal to or_gi"eater than 10%
m_the_Berson__for_which a license or certificate of approval is sought and is a
business entity, the applicant shall disclose any person that holds an ownership
interest in that business entity that holds an ownership interestegual to or greater
tharLlO% jn the person for which a^ license or certificate of approval is sought.
f2) For any person that holds an ownership interest eciual to or greater than 10%
in the person for which a license or certificate of approval is sought and_is a
business entity, the applicant may attest to the bureau by affidayltthat no person
that holds an ownership interest in that bysiness entity holds an ownership interest
equal to or greater than 10% in the person for which a license or certificate of
approval is sought.
Sec. 2. 28-A MRSA §651, sub-§2, ^A-l is enacted to read:
A-l. An applicant shall disclose any person that holds an indirect financial interest in
the person for which a license or certificate of approval is sought. For the purposes of
this paragraph, "indirect financial interest" means;
d) An option, warrant or other right to acQuire an equity interest in the person for
which a license or certificate of approval is sought; or
COMMITTEE AMENDMENT
COMMITTEE AMENDMENT " p^ " to S.P. 870, L.D. 2069 / S' ^&LfS\
f2) A right to payment of, or a right to payment based upon, all or any portion of
revenues, profits or losses derived from the operations under a license or certificate
of approval issued under this Title of the person for which a license or certificate
of approval is sought, including, but not limited to, profit sharing, revenue sharing
or royalty payments.
Sec. 3. 28-A MRSA §651, sub-§3, as amended by PL 2021,c.658, §92, is further
amended to read:
3. False answer given intentionally. An applicant may not attempt to conceal or
disguise ownership interest or indirect financial interest in the person for which a license
or certificate of approval is sought. A person who intentionally gives an untruthful answer
in an application for a license or certificate of approval under this Title violates Title 17-A,
section 453. As used in this subsection, "indirect financial interest" has the same meaning
as in subsection 2. paraeraph A-1.'
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section
number to read consecutively.
SUMMARY
This amendment changes the ownership interest disclosure threshold from 5% or
greater, as provided in the bill, to 10% or greater in the person for which a license or
certificate of approval is sought. It also amends the bill to require the applicant for a license
or certificate of approval to disclose any person that holds an indirect financial interest in
the person for which a license or certificate of approval is sought, rather than any person
with any direct or indirect interest in that person, and replaces the definition of interest"
provided in the bill with a definition of "indirect financial interest."
FISCAL NOTE REQUIRED
(See attached)
COMMITTEE AMENDMENT
Approved: 04/01/24 S*W'c--
LD 2069 LR 2704(02)
An Act to Amend the Ownership Disclosure Requirements for Applicants for Liquor Licenses and
Certificates of Approval
Fiscal Note for Bill as Amended by Committee Amendment "^"/
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
Fiscal Note
Minor savings - General Fund
Fiscal Detail and Notes
Changes to ownership disclosure requirements for applicants for liquor licenses and certificates of approval will
reduce the staff time needed to process applications and will result in minor savings to. the Bureau of Alcoholic
Beverages and Lottery Operations.
LR2704(02) - Fiscal Note - Page 1 of 1