Public Laws

124th Legislature

First Regular Session


Parts: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA BB CC

Chapter 1

H.P. 40 - L.D. 45

PART E

Sec. E-1. Transfer; Maine Budget Stabilization Fund. Notwithstanding any other provision of law, the State Controller shall transfer $56,095,026 from the Maine Budget Stabilization Fund in the Department of Administrative and Financial Services to General Fund unappropriated surplus by the close of fiscal year 2008-09 to offset a General Fund revenue shortfall.

Sec. E-2. Federal Relief Funds Reserve account established. The Federal Relief Funds Reserve account, referred to in this section as "the reserve account," is established as a nonlapsing General Fund account to be used to reserve the General Fund savings from the anticipated temporary increase in the State's federal medical assistance percentage to be used for expenditures related to health care, including as first priority the payment of MaineCare settlements for hospital fiscal years 2005 and 2006. The State Budget Officer may transfer funds from the reserve account to the Medical Care - Payments to Providers program within the Department of Health and Human Services by financial order upon approval of the Governor for this purpose. Funds in the reserve account may not be expended, transferred or otherwise obligated for other purposes unless specifically authorized by the Legislature. The transfers pursuant to this section are considered adjustments to appropriations and allocations in fiscal year 2008-09.

Sec. E-3. Calculation and transfer; increased federal medical assistance percentage in fiscal year 2008-09. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of projected savings in fiscal year 2008-09 that applies against each appropriate MaineCare General Fund seed account within the Department of Health and Human Services from the anticipated temporary increase in the State's federal medical assistance percentage and shall transfer the calculated amounts by financial order upon approval of the Governor to the Federal Relief Funds Reserve account established in section 2. These transfers are considered adjustments to appropriations and allocations in fiscal year 2008-09.

Sec. E-4. Report. The State Budget Officer shall provide the Joint Standing Committee on Appropriations and Financial Affairs and the State Controller a report of the transferred amounts and adjustments to appropriations and allocations made pursuant to sections 2 and 3 by May 15, 2009.

Sec. E-5. Transfer; General Fund unappropriated surplus. Notwithstanding any other provision of law, the State Controller shall transfer $11,095,026 from General Fund unappropriated surplus to the Maine Revenue Services General Fund suspense account in the Department of Administrative and Financial Services to recognize a prior period adjustment to General Fund undedicated revenue.

Office of the Revisor of Statutes
State House, Room 108
Augusta, ME 04333