LD 1260
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LD 1260 Title Page An Act to Require Accountability for Tax Expenditures Invested on Behalf of Tax... Page 2 of 2
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LR 1720
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 5 MRSA §13070-J, sub-§1, ¶F is enacted to read:

 
F.__"Health benefit plan" means a plan that:

 
(1)__Includes comprehensive coverage for the following
benefits:

 
(a)__Inpatient and outpatient hospital services;

 
(b)__Physicians' surgical and medical services;

 
(c)__Laboratory and radiological services;

 
(d)__Well-child care and immunizations; and

 
(e)__Mental health and pharmaceutical expenses;

 
(2)__Affords health coverage that has an actuarial
value no less than 80% of the actuarial value of health
coverage that is provided to employees of the State.__
For purposes of this subparagraph, "actuarial value"
means the expected cost of a benefit based on common
assumptions as to relevant variables such as morbidity,
mortality, persistency and interest.__When comparing
the actuarial value of one group of benefits to
another, both actuarial values must be based on the
same assumptions;

 
(3)__Imposes on the employee copayment and deductible
costs that have an aggregate actuarial value that does
not exceed 10% of the actuarial value of all benefits
afforded by the plan; and

 
(4)__Makes comparable health coverage available to the
employee's spouse and dependent children.

 
Sec. 2. 5 MRSA §13070-P is enacted to read:

 
§13070-P.__Conditions for certain economic development incentives

 
1.__Definitions.__As used in this section, unless the context
otherwise indicates, the following terms have the following
meanings.

 
A.__"Conditional economic development incentive" means an
economic development incentive, the value of which exceeds
$10,000 in one year, that is described in section 13070-J,
subsection 1, paragraph D under:


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