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Maine Revised Statutes Title 10. Commerce and Trade § 965. Membership

Current as of January 01, 2025 | Updated by Findlaw Staff

There shall be 15 voting members of the authority as follows.

1. Repealed. Laws 2001, c. 417, § 5.

2. Designated members. Three members appointed by the Governor and subject to review by the joint standing committee of the Legislature having jurisdiction over economic development and subject to confirmation by the Legislature shall consist of:

A. One member who is a certified public accountant;

B. One member who is an attorney; and

C. One member who is a commercial banker.

3. At-large members. Nine members appointed by the Governor in accordance with the following and subject to review by the joint standing committee of the Legislature having jurisdiction over economic development matters and subject to confirmation by the Legislature must be appointed from at large.

A. Two of the at-large members must be veterans.

B. One of the at-large members must be knowledgeable in the field of natural resource enterprises or financing.

C. One of the at-large members must be knowledgeable in the field of student financial assistance.

D. One of the at-large members must be knowledgeable in the field of higher education.

E. One of the at-large members must be knowledgeable in the field of clean energy finance or technology solutions for climate change.

4. State members. Three members of the authority shall represent the State and shall consist of:

A. The Commissioner of Economic and Community Development or the commissioner's designee;

B. One natural resources commissioner designated by the Governor from either the Department of Agriculture, Conservation and Forestry or the Department of Marine Resources, or that commissioner's designee; and

C. The Treasurer of State, ex officio.

4-A. Director; serving on more than one board. With the exception of a member serving in an ex officio capacity pursuant to subsection 4, a member may not serve at the same time as a director or officer of any nonprofit corporation formed pursuant to the former Title 20, section 2237 and Title 20-A, section 11407 or of any entity that has a contract to provide a significant level of administrative services to the authority or to any nonprofit corporation formed pursuant to the former Title 20, section 2237 and Title 20-A, section 11407.

5. Compensation. A member of the authority shall be compensated as provided in Title 5, chapter 379.  1

1 5 M.R.S.A. § 12001 et seq.
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Cite this article: FindLaw.com - Maine Revised Statutes Title 10. Commerce and Trade § 965. Membership - last updated January 01, 2025 | https://codes.findlaw.com/me/title-10-commerce-and-trade/me-rev-st-tit-10-sect-965/

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