An Act To Efficiently Use Funds of the Public Utilities Commission
Emergency preamble. Whereas, acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, it is necessary that the Public Utilities Commission have sufficient funds to carry out its statutory obligations during fiscal year 2005-06; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. Use of unexpended funds. Notwithstanding the Maine Revised Statutes, Title 35-A, section 116, subsection 5, the Public Utilities Commission may expend in fiscal year 2005-06 and fiscal year 2006-07, for the purposes specified in Title 35-A, section 116, subsection 4, 100% of any unexpended funds remaining at the end of the prior fiscal year. Treatment of funds not expended at the end of fiscal year 2006-07 is governed by Title 35-A, section 116, subsection 5.
Emergency clause. In view of the emergency cited in the preamble, this Act takes effect when approved.
Effective May 12, 2005.
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