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An Act To Modify the Disbursement from the Maine Economic Improvement Fund
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 10 MRSA §948, sub-§1, ¶H, as amended by PL 2013, c. 225, §2, is further amended to read:
 
H. Apportioning a minimum percentage of the annual disbursements from the fund to support research and development as follows: a minimum of 2% to the University of Maine at Machias to support applied marine research and development at that university's marine field station and a minimum of 1% to be apportioned among the University of Maine at Augusta, the University of Maine at Farmington, the University of Maine at Fort Kent, the University of Maine at Machias, the University of Maine at Presque Isle and the Maine Maritime Academy to support research and development as follows: beginning July 1, 2013 a minimum of 2.5% and beginning July 1, 2015 a minimum of 3%.
 
SUMMARY
This bill changes the apportionment of the percentage of the Maine Economic Improvement Fund that goes to the University of Maine at Augusta, the University of Maine at Farmington, the University of Maine at Fort Kent, the University of Maine at Machias, the University of Maine at Presque Isle and the Maine Maritime Academy to support applied research and development by removing the apportionment to all institutions of a minimum of 3% of the fund and instead requiring a minimum of 2% of the fund to be disbursed to the University of Maine at Machias to support applied marine research and development at that university's marine field station and a minimum of 1% to be apportioned among the remainder of the institutions.