Sec. V-1. 36 MRSA §4641-B, sub-§4, as enacted by PL 2001, c. 559, Pt. I, §4 and affected by §15, is amended to read:
4. Distribution of State's share of proceeds. The State Tax Assessor shall pay all net receipts received pursuant to this section to the Treasurer of State, and shall at the same time provide the Treasurer of State with documentation showing the amount of revenues derived from the tax imposed by section 4641-A, subsection 1 and the amount of revenues derived from the tax imposed by section 4641-A, subsection 2. The Treasurer of State shall credit 1/2 of the revenues derived from the tax imposed by section 4641-A, subsection 1 to the General Fund and shall monthly pay the remaining 1/2 of such revenues to the Maine State Housing Authority, which shall deposit the funds in the Housing Opportunities for Maine Fund created in Title 30-A, section 4853, except that in fiscal year 2003-04 and fiscal year 2004-05, $7,500,000 of the remaining 1/2 of those revenues must be transferred to the General Fund before any payments are made to the Maine State Housing Authority. The Treasurer of State shall credit to the General Fund all of the revenues derived from the tax imposed by section 4641-A, subsection 2.
Sec. V-2. Savings required. Notwithstanding any other provision of law, the Maine State Housing Authority shall implement measures to generate savings from existing resources to maintain assistance to the homeless at the 2002-03 level of assistance, amounting to $2,400,000. The Maine State Housing Authority shall maintain the 2002-03 level of support in each year of the 2004-2005 biennium.
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