Public Laws

124th Legislature

Second Regular Session


Parts: A B C D E F G H

Chapter 600

H.P. 1227 - L.D. 1728

PART E

Sec. E-1. Transfer; equity reserve fiscal year 2008-09; Retiree Health Insurance Internal Service Fund. Notwithstanding any other provision of law, the State Controller shall transfer $5,429,219 representing the Highway Fund share of excess equity reserve for retiree health insurance on June 30, 2009 from the Retiree Health Insurance Internal Service Fund in the Department of Administrative and Financial Services to the unappropriated surplus of the Highway Fund by June 30, 2010. The State Controller shall also transfer the equitable share of retiree health insurance excess equity reserve to each participating fund by June 30, 2010.

Sec. E-2. Transfer; equity reserve fiscal year 2009-10; Retiree Health Insurance Internal Service Fund. Notwithstanding any other provision of law, the State Controller shall transfer $5,672,481 representing the projected Highway Fund share of excess equity reserve for retiree health insurance on June 30, 2010 from the Retiree Health Insurance Internal Service Fund in the Department of Administrative and Financial Services to the unappropriated surplus of the Highway Fund by June 30, 2010. The State Controller shall also transfer the equitable share of retiree health insurance excess equity reserve to each participating fund by June 30, 2010.

Sec. E-3. Calculation and transfer; Highway Fund; retiree health insurance savings. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of savings identified in section 4 of the Statewide-Retiree Health Insurance, Highway Fund account within the Department of Administrative and Financial Services that applies against each Highway Fund account for departments and agencies statewide as a result of a rate reduction in retiree health insurance. The State Budget Officer shall transfer the savings by financial order upon approval of the Governor. These transfers are considered adjustments to allocations in fiscal year 201011.

Sec. E-4. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF

Departments and Agencies - Statewide 0016

Initiative: Reduces funding from departments and agencies statewide from projected savings in Personal Services achieved through a rate reduction for retiree health insurance.

HIGHWAY FUND 2009-10 2010-11
Personal Services
$0 ($5,241,774)
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HIGHWAY FUND TOTAL $0 ($5,241,774)

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