Sec. P-1. Transfer from unappropriated surplus at close of fiscal year 2003-04. Notwithstanding any other provision of law, at the close of fiscal year 2003-04 the State Controller shall transfer an amount up to $4,495,662 available from the unappropriated surplus of the General Fund to the Executive Branch - Departments and Agencies Statewide account within the Department of Administrative and Financial Services after all required deductions of appropriations, budgeted financial commitments and adjustments considered necessary by the State Controller have been made and as the next priority after the transfers required pursuant to the Maine Revised Statutes, Title 5, sections 1507, 1511, 1513, 1517 and 1519.
Sec. P-2. Priority of transfers. Transfers made in accordance with section 1 must be expended for the purposes listed in this section in the following amounts and priority order:
1. Finance Authority of Maine. As the first priority, $564,287 to the Student Financial Assistance Program in the Finance Authority of Maine to provide funds for grants and loans to those seeking postsecondary education;
2. Higher education. As the 2nd priority, to the following 3 higher education entities in the following amounts and priority order; except that, if all 3 priorities under this subsection can not be fulfilled, then the following 3 higher education entities must share the amount available under this subsection in the same proportion as the dollar amounts listed in paragraphs A to C:
A. University of Maine System. As the 2nd priority, $850,000 to the Educational and General Activities - UMS program in the University of Maine System to provide funds for general operations;
B. Maine Community College System. As the 2nd priority, $350,000 to the Maine Community College System to provide funds for general operation; and
C. University of Maine System. As the 2nd priority, $2,000,000 to the Maine Economic Improvement Fund in the University of Maine System to provide funds for applied research and development at the University of Maine System;
3. Library and public broadcasting. As the 3rd priority, to the following 2 entities in the following amounts and priority order; except that, if both priorities under this subsection can not be fulfilled, then the following 2 entities must share the amount available under this subsection in the same proportion as the dollar amounts listed in paragraphs A and B:
A. Maine State Library. As the 3rd priority, $57,538 to the Maine State Library to provide funds for book acquisition; and
B. Maine Public Broadcasting Corporation. As the 3rd priority, $123,837 to the Maine Public Broadcasting Corporation to provide funds for general operations; and
4. Department of Conservation. As the 4th priority, $400,000 to the Shore and Harbor Management Fund account to partially restore an earlier transfer to the unappropriated surplus of the General Fund.
Sec. P-3. Calculation and transfer. Notwithstanding the Maine Revised Statutes, Title 5, section 1585, in fiscal year 2004-05 the State Budget Officer shall calculate the amounts that may be transferred from the Executive Branch - Departments and Agencies Statewide account within the Department of Administrative and Financial Services to the various state departments and agencies for the purposes listed in section 2 and shall transfer the calculated amounts by financial order upon the approval of the Governor. These transfers are considered adjustments to appropriations and allocations in fiscal year 2004-05. The State Budget Officer shall provide the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs with a report of the transferred amounts no later than January 31, 2005.
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