Title 5, Title 5

1. Report. The authority shall submit to the Governor, the President of the Senate, the Speaker of the House of Representatives and the joint standing committee of the Legislature having jurisdiction over economic development matters, not later than 120 days after the close of it…

Pursuant to chapter 375, the authority may adopt any rule, including its bylaws, necessary or useful for carrying out any of its powers or duties. Rules adopted pursuant to this section are routine technical rules as defined in chapter 375, subchapter II‑A.

1. Disclosure required. Notwithstanding subsections 2 and 3, the following must be made available to any person upon request reasonably describing the records to which access is sought or, if no request is made, in any manner and at any time that the authority may determine: A. A…

The authority may assist a municipality or local development corporation to construct a speculative industrial building by loaning the municipality or local development corporation money for construction or carrying costs or both for the project, subject to the following. [PL 200…

1. Establishment; purpose. The Commercial Facilities Development Program is established within the authority to serve the following purposes: A. Restore employment opportunities by serving as principal, partner, lender or investor in the acquisition and redevelopment of nonproduc…

The authority, with the advice of the department, the Department of Labor and such other agencies it determines appropriate, may waive the requirements of section 13120‑P, subsection 2, paragraph E and section 13120‑P, subsection 3, paragraph E if the municipality has experienced…

1. Establishment; purpose. The Rural Manufacturing and Industrial Site Redevelopment Program is established within the authority to provide technical assistance, planning grants and implementation grants for the rehabilitation, revitalization and marketing of manufacturing and in…

By January 1, 2018 and annually thereafter, the authority, in consultation with the Office of Business Development within the department, shall make or require an inventory to be made of all nonproductive industrial or manufacturing sites in the State that are available for redev…

1. Institute established. The Maine Workforce, Research, Development and Student Achievement Institute, as established in Title 5, section 12004‑I, subsection 6‑I and referred to in this subchapter as "the institute," is established to collect and analyze information related to w…

The Centers for Innovation Program, referred to in this chapter as the "program," is established. The program shall administer and establish centers throughout the State to carry out the purposes of this chapter. [PL 2001, c. 95, §5 (NEW).] 1. Centers for innovation. A center for…

The Maine Space Corporation is established as a body corporate and politic to carry out the purposes of this chapter. Notwithstanding any provision of Title 13‑B, section 102, subsection 4, paragraph C to the contrary, the corporation is a nonprofit corporation with public and ch…

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2021, c. 631, §1 (NEW).] 1. Board of directors. "Board of directors" means the board of directors of the corporation established in section 13203, subsection 4. 2…

1. Maine Space Complex. The 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 cente…

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 cor…

The corporation may hold and acquire property as set out in this section. [PL 2021, c. 631, §1 (NEW).] 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 …

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 docum…

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 hea…

1. 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 pla…

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 judg…

1. Operation of corporation. Notwithstanding Title 13‑B, section 102, subsection 4, paragraph C, the corporation shall operate as a nonprofit corporation under Title 13‑B, section 202 consistent with its composition and broad public purposes. 2. Prerequisites for dissolution. The…

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 …

The records and proceedings of the corporation are public for the purposes of Title 1, chapter 13 except as otherwise provided in this section. [PL 2025, c. 258, §6 (NEW).] 1. Definition. As used in this section, unless the context otherwise indicates, "proprietary information" m…

In addition to any other basis for exemption from taxation, the corporation is exempt from property taxation imposed pursuant to Title 36, Part 2.

In accordance with the provisions of this chapter, the Department of Economic and Community Development, referred to in this chapter as "the department," shall establish and administer a social equity program, referred to in this chapter as "the program," to increase workforce de…

The Social Equity Program Advisory Committee, established by section 12004-I, subsection 6-L and referred to in this chapter as "the advisory committee," serves to advise the department on the development and implementation of the program. The advisory committee has 5 members who…

By December 15, 2026, and biennially thereafter, the department shall file a report with the joint standing committee of the Legislature having jurisdiction over economic and community development matters and the joint standing committee of the Legislature having jurisdiction ove…

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1999, c. 401, Pt. AAA, §3 (NEW).] 1. Institute. "Institute" means the Maine Technology Institute. 1-A. Accelerator. "Accelerator" means a program that supports en…

1. Establishment. The Maine Technology Institute, as established in section 12004‑G, subsection 33‑D, is a nonprofit corporation with public and charitable purposes. The duties, activities and operations of the institute are within the provisions of the federal Internal Revenue C…

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Commercial or financial information" means information related to businesses, commerce, trade, employment, profits or finances, including personal…

1. Fiscal agent for public investments in private research and development. The institute is the fiscal agent of the State for all funds appropriated or allocated to the institute. Fiscal duties include the disbursement of funds through grants to private companies, targeted techn…

The Maine Technology Capacity Fund is established within the institute to strengthen employment opportunities in the State by increasing the science and technology investment level through partnerships among the State Government, private enterprise, the Federal Government and pri…

The institute may: [PL 1999, c. 401, Pt. AAA, §3 (NEW).] 1. Suit. Sue or be sued in its own name; 2. Application for and receipt of funds. Apply for and receive funds from any private source or governmental entity, whether by way of grant, donation or loan or in any other manner.…

The institute may not enter into contracts, obligations or commitments of any kind on behalf of the State or any of its agencies, nor does it have the power of eminent domain or any other power not provided to business corporations generally. Bonds, notes and other evidences of i…

All officers, directors, employees and other agents of the institute entrusted with the custody of the securities of the institute or authorized to disburse the funds of the institute must be bonded either by a blanket bond or by individual bonds with a minimum limitation of $100…

An officer, director or employee of the institute or a spouse or dependent child of any of those individuals may not receive any direct personal benefit from the activities of the institute in assisting any private entity. This section does not prohibit corporations or other enti…

The institute shall operate as a nonprofit organization consistent with its composition and broad public purposes. The following conditions apply to the operation or dissolution of the institute. [PL 1999, c. 401, Pt. AAA, §3 (NEW).] 1. Net earnings of institute. No part of the n…

This chapter must be construed liberally to effect the interest and purposes of the institute for an improved science and technology capacity-building effort in the State and must be broadly interpreted to effect that intent and those purposes.

1. Appointment. The Governor shall appoint, using a full and competitive search process and after giving proper consideration to the qualifications in subsection 3, a full-time Maine Technology Institute Director, referred to in this section as the "director," subject to review b…

For fiscal years 2003-04 and 2004-05 only, the Governor shall submit a funding level recommendation for operational costs of applied research and development. The recommendation must be transmitted to the Legislature within the time schedules set forth in section 1666. If the Gov…

1. Establishment; purpose. The technology centers, referred to in this section as "the centers," are established. The purpose of the centers is to support early-stage development of technology-based businesses. The self-managed, state-coordinated centers, strategically placed thr…

As used in this Part, unless the context otherwise indicates, the following terms have the following meanings. [PL 1985, c. 801, §§5, 7 (NEW).] 1. (TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 1991, c. 619, §18) Accumulated contributions. "Accumulated contributions" means the sum of …

It is the intent of the Legislature to encourage qualified persons to seek public employment and to continue in public employment during their productive years. It is further the intent of the Legislature to assist these persons in making provision for their retirement years by e…

A law outside of this Part that provides wholly or in part at the expense of the State or of any subdivision of the State for retirement benefits for employees, or for the surviving spouses or other beneficiaries of those employees, may not apply to members or beneficiaries of an…

1. Prohibition. No employee may be required, as a condition of employment, to retire at or before a specified age or after completion of a specified number of years of service. 2. Normal retirement age. This section may not be construed to prohibit the use of a normal retirement …

The money in the various funds created by this Part and any property owned by the retirement system are exempt from any state, county or municipal tax in the State.

The right of a person to a retirement allowance, the retirement allowance itself, the refund of a person's accumulated contributions, any death benefit, any other right accrued or accruing to any person under this Part and the money in the various funds created by this Part may n…