Sec. C-1. PL 1997, c. 25, Pt. R is repealed.
Sec. C-2. Lease-purchase authorized for engineering vehicles or equipment. Pursuant to the Maine Revised Statutes, Title 5, section 1587, the Department of Transportation, Highway Fund, is authorized to establish lease-purchase contracts for the procurement of engineering vehicles or equipment. The term of the contracts may not be more than 7 years. The cumulative total principal value of the lease-purchase contracts may not exceed $10,000,000. The interest rate may not exceed 6% and the total interest may not exceed $2,400,000.
Sec. C-3. Lease-purchase authorized for vehicles or equipment. Pursuant to the Maine Revised Statutes, Title 5, section 1587, the Department of Transportation, Motor Transport Service, is authorized to establish lease-purchase contracts for the procurement of vehicles or equipment. The term of the contracts may not be more than 7 years. The cumulative total principal value of the lease-purchase contracts may not exceed $12,000,000. The interest rate may not exceed 6% and total interest costs may not exceed $2,880,000.
Sec. C-4. Retiree health; lapsed balances. Notwithstanding any other provision of law, $98,558 of unencumbered balance forward from fiscal year 1996-97 in the Highway Fund, Statewide-Retiree Health account in the Department of Administrative and Financial Services lapses to the Highway Fund in fiscal year 1997-98.
Sec. C-5. Transfer authorized. Notwithstanding the Maine Revised Statutes, Title 5, section 1585 or any other provision of law, for the fiscal years ending June 30, 1998 and June 30, 1999, the Commissioner of Transportation is authorized to transfer, by financial order upon the recommendation of the State Budget Officer and approved by the Governor, identified Personal Services Highway Fund savings to any other program or line category within the Highway Fund to cover any nonrecurring program costs. The financial order must identify the specific savings in Personal Services after assuming all costs for that program including collective bargaining costs. The Commissioner of Transportation shall provide a report to the members of the Joint Standing Committee on Transportation detailing the financial adjustments to the Highway Fund.
Sec. C-6. Transfer to the Department of Transportation. Notwithstanding the Maine Revised Statutes, Title 5, section 1585 or any other provision of law, the State Controller shall transfer an amount up to 75% from the balance remaining in the Highway Fund at the end of fiscal year 1997-98 after the deduction of all allocations, financial commitments, other designated funds or any other transfer authorized in statute but not exceeding $5,100,000 to the Highway Fund account within the Department of Transportation's Highway and Bridge Improvement Program. The Commissioner of Transportation is authorized to allot these funds, by financial order, upon approval of the Governor and the State Budget Officer, within the Highway and Bridge Program's Highway Fund account. Within 30 days of acceptance of the financial order, the Commissioner of Transportation shall provide to the members of the Joint Standing Committee on Transportation a report detailing the financial status of the Highway and Bridge Improvement Program.
Sec. C-7. Creation of project positions. Notwithstanding any other provision of law, the Secretary of State may establish Highway Fund limited-period, project or any other temporary positions within the Bureau of Motor Vehicles by financial order. The end date for these positions may not be later than June 30, 1999. The Secretary of State shall identify funds available, within any line category within the Bureau of Motor Vehicles, necessary for the funding of those temporary positions. The Secretary of State shall provide a report to the members of the Joint Standing Committee on Transportation detailing the number of project positions created as well as final adjustments to the Highway Fund.
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