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USA Statutes : maine
Title : Title 10. COMMERCE AND TRADE
Chapter : Chapter 107-C. MAINE ECONOMIC IMPROVEMENT FUND (HEADING. PL 1997, c. 556, @3 (new))
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Title 10 - §946. Establishment
Title 10: COMMERCE AND TRADE Part 2: BUILDING AND DEVELOPMENT Chapter 107-C: MAINE ECONOMIC IMPROVEMENT FUND (HEADING: PL 1997, c. 556, @3 (new)) §946. Establishment
The Maine Economic Improvement Fund is established to administer investments in targeted research and development and product
innovation and to provide the basic investment necessary to obtain matching funds and competitive grants from private and
federal sources.
[1997, c. 556, §3 (new).]
Section History:
PL 1997,
Ch. 556,
§3
(NEW).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney. Office of the Revisor of Statutes 7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 10 - §947. Definitions
Title 10: COMMERCE AND TRADE Part 2: BUILDING AND DEVELOPMENT Chapter 107-C: MAINE ECONOMIC IMPROVEMENT FUND (HEADING: PL 1997, c. 556, @3 (new)) §947. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
[1997, c. 556, §3 (new).]
1. Fund. "Fund" means the Maine Economic Improvement Fund.
[1997, c. 556, §3 (new).]
2. Research and development. "Research and development" means applied scientific research and related commercial development conducted by the University
of Maine System, its member institutions and its employees and students in the target areas.
[1997, c. 556, §3 (new).]
3. Target areas. "Target areas" means the targeted technologies identified in Title 5, chapter 407 for which applied research and development
is considered most likely to produce significant benefits to the people and economy of the State.
A.
[1999, c. 401, Pt. AAA, §4 (rp).]
B.
[1999, c. 401, Pt. AAA, §4 (rp).]
C.
[1999, c. 401, Pt. AAA, §4 (rp).]
D.
[1999, c. 401, Pt. AAA, §4 (rp).]
E.
[1999, c. 401, Pt. AAA, §4 (rp).]
[1999, c. 401, Pt. AAA, §4 (amd).]
Section History:
PL 1997,
Ch. 556,
§3
(NEW).
PL 1999,
Ch. 401,
§AAA4
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney. Office of the Revisor of Statutes 7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 10 - §948. Administration of fund
Title 10: COMMERCE AND TRADE Part 2: BUILDING AND DEVELOPMENT Chapter 107-C: MAINE ECONOMIC IMPROVEMENT FUND (HEADING: PL 1997, c. 556, @3 (new)) §948. Administration of fund
1. Administration of fund. The Board of Trustees of the University of Maine System shall administer the fund. The board may utilize the assets of
the fund to carry out and effectuate the purposes, duties and responsibilities of this chapter, including, but not limited
to:
A. Taking actions in partnership with private enterprise, the Federal Government and private and public research institutions
to:
(1) Invest in applied research and development in the target areas within the University of Maine System; and
(2) Support the development of private enterprise based upon research and development performed within the University of
Maine System;
[1997, c. 683, Pt. A, §4 (rpr).]
B. Receiving money from any public or private source to augment state contributions to the fund;
[1997, c. 683, Pt. A, §4 (rpr).]
C. Approving an annual budget for the fund and investing and expending money from within the fund;
[1997, c. 683, Pt. A, §4 (rpr).]
D. Contracting with public entities as necessary to further the directives of this section;
[1997, c. 683, Pt. A, §4 (rpr).]
E. Carrying forward any unexpended state appropriations into succeeding fiscal years;
[1997, c. 683, Pt. A, §4 (rpr).]
F. Providing an annual report to the Governor and the Legislature by January 1st of each regular session of the Legislature
setting forth:
(1) The operations of the fund during the fiscal year;
(2) The assets and liabilities of the fund at the end of its most recent fiscal year; and
(3) The annual measurable goals and objectives of the fund, as established by the board, and an assessment of the achievement
of those goals and objectives. The goals and objectives must include, but may not be limited to, education, research and
development; and
[1999, c. 401, Pt. AAA, §5 (amd).]
G. Protecting all intellectual property in accordance with the "University of Maine System Statement of Policy Governing Patents
and Copyrights," including, but not limited to, proprietary information contained in proposals, grants, contracts or other
legal agreements. Publication of information may be reasonably delayed until appropriate measures have been taken to protect
the intellectual property.
[1997, c. 683, Pt. A, §4 (rpr).]
[1999, c. 401, Pt. AAA, §5 (amd).]
Section History:
PL 1997,
Ch. 556,
§3
(NEW).
PL 1997,
Ch. 683,
§A4
(RPR).
PL 1999,
Ch. 401,
§AAA5
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney. Office of the Revisor of Statutes 7 State House Station
State House Room 108
Augusta, Maine 04333-0007
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