LD 1480 (subjects: ECONOMIC DEVELOPMENT , BUSINESS ASSISTANCE )
Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=1480&PID=1456&snum=127
Sponsors | Actions | Bill Text | Patterns of Support
- Rep. Sara Gideon of Freeport: (D – District 48) — e-mail | Twitter | Facebook
Rep. Robert Duchesne of Hudson: (D – District 121) — e-mail | Facebook
Sen. David Burns of Washington: (R – District 6) — e-mail | Twitter | Facebook
Sen. Andre Cushing of Penobscot: (R – District 10) — e-mail | Twitter | Facebook
Sen. Roger Katz of Kennebec: (R – District 15) — e-mail | Facebook
Sen. Catherine Breen of Cumberland: (D – District 25) — e-mail | Facebook
Sen. Bill Diamond of Cumberland: (D – District 26) — e-mail | Twitter | Facebook
Sen. Justin Alfond of Cumberland: (D – District 27) — e-mail | Twitter | Facebook
Sen. Anne Haskell of Cumberland: (D – District 28) — e-mail | Facebook
|12/18/2015||Senate||Received by the Secretary of the Senate on December 18, 2015 and REFERRED to the Committee on LABOR, COMMERCE, RESEARCH AND ECONOMIC DEVELOPMENT pursuant to Joint Rule 308.2|
|2/23/2016||Senate||Report READ and ACCEPTED.
Committee Amendment “A” (S-363) READ and ADOPTED
ASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.
|2/25/2016||Senate||COMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY, Senator Saviello, Senate Chair. REPORT ACCEPTED.
READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (S-363).
Ordered sent down forthwith for concurrence.
|3/1/2016||House||CONSENT CALENDAR – FIRST DAY
|3/3/2016||House||Committee on Bills in the Second Reading Reports no further verbal amendments necessary Representative McLEAN of Gorham, Chair, House of Representatives Report Accepted.
CONSENT CALENDAR – SECOND DAY.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (S-363).
In concurrence. ORDERED SENT FORTHWITH.
|3/8/2016||House||PASSED TO BE ENACTED.
Sent for concurrence. ORDERED SENT FORTHWITH.
|3/9/2016||Senate||On motion by Senator MASON of Androscoggin TABLED until Later in Today’s Session, pending ENACTMENT in concurrence
|3/17/2016||Senate||Taken from the table by the President
Senator BRAKEY of Androscoggin moved to Suspend the Rules in order to RECONSIDER PASSAGE TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (S-363) in concurrence FAILED
Roll Call Ordered Roll Call Number 523 Yeas 18 – Nays 16 – Excused 0 – Absent 0
Subsequently, PASSED TO BE ENACTED in concurrence
On motion by Senator BRAKEY of Androscoggin The Senate RECONSIDERED ENACTMENT in concurrence
Subsequently, PASSED TO BE ENACTED in concurrence
Roll Call Ordered Roll Call Number 524 Yeas 33 – Nays 1 – Excused 0 – Absent 0 PREVAILED
An Act To Create and Sustain High-quality Maine Jobs
Sec. 1. 10 MRSA 1026-U is enacted to read:
1026-U. Maine Capital Investment Program
The authority may require other terms or conditions of financial support under this subsection as the authority determines necessary and reasonable.
Sec. 2. Contingent effective date. This Act takes effect only upon the receipt by the Finance Authority of Maine for the Maine Capital Investment Fund under the Maine Revised Statutes, Title 10, section 1026-U of an appropriation or allocation by the Legislature or funds from another funding source in the amount of at least $250,000,000. The Finance Authority of Maine shall notify the Secretary of State, the Secretary of the Senate, the Clerk of the House of Representatives and the Revisor of Statutes when the funds are received pursuant to this section.
This bill creates the Maine Capital Investment Program within the Finance Authority of Maine to provide loans or bond funding to eligible business development projects that have projected costs of at least $50,000,000 or are projected to result in the creation or retention of at least 250 full-time employment positions that pay at least 125% of the state annual average weekly wage. The bill does not take effect until the authority receives funds for the program in the amount of at least $250,000,000.
Pattern of Cosponsorship by Region:
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Pattern of Cosponsorship by Campaign Finance Classification:
Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.
This information about LD 1480 was last updated on 2016-05-12.
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