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Bill tweaks board rules for new Ag‑Food‑Forest investment fund; supporters urge capital infusion
Summary
LD 12 52 would adjust eligibility and conflict‑of‑interest language for the Maine Agriculture, Food and Forest Products Infrastructure Investment Fund’s advisory board; witnesses urged the Legislature to provide capital to the fund to meet demand estimated in department records at about $160 million.
Representative Lisonbee Hepler presented LD 12 52, a technical and clarifying amendment to the statute establishing the Maine Agriculture, Food and Forest Products Infrastructure Investment Fund. The proposal updates eligibility criteria to specify that disbursements be limited to producers establishing or operating in‑state processing or manufacturing facilities and strengthens conflict‑of‑interest language for board members.
What the bill changes: LD 12 52 requires that recipients be producers that have, or are seeking to establish, a processing or manufacturing facility located within Maine; clarifies that the…
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