10 M.R.S. §947: Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1. Fund. "Fund" means the Maine Economic Improvement Fund.

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.

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.

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