LD 1614
pg. 172
Page 171 of 234 PUBLIC Law Chapter 451 Page 173 of 234
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LR 1999
Item 1

 
General Fund revenues received in the immediately preceding
fiscal year and may not lapse, but remains in a continuing
carrying account to carry out the purposes of this section. A
reduction in the fund is not necessary in the event the total
General Fund revenues received in the immediately preceding
fiscal year are less than the total General Fund revenues
received in the fiscal year 2 years previous and if the fund is
at its 6% 10% limit. The limit at the close of a fiscal year is
based on the total General Fund revenues received in the fiscal
year being closed.

 
Sec. X-3. 5 MRSA §1513, sub-§3-A, as enacted by PL 1999, c. 749, §2
and affected by §3, is amended to read:

 
3-A. Investment proceeds; exception. At the close of every
month during which the Maine Rainy Day Budget Stabilization Fund
is at the 6% 10% limitation described in subsection 1, the State
Controller shall transfer from the General Fund to the Retirement
Allowance Fund established in section 17251 an amount equivalent
to the investment earnings that otherwise would have been
credited to the Maine Rainy Day Budget Stabilization Fund.

 
Sec. X-4. 5 MRSA §1513, sub-§5, as enacted by PL 2001, c. 439, Pt.
CCCCC, §1, is amended to read:

 
5. Death benefits. The Governor shall allocate funds from
the Maine Rainy Day Budget Stabilization Fund as needed to pay
benefits due pursuant to Title 25, chapter 195-A. Allocations
may be made upon written request of the Chief of the State
Police, State Fire Marshal or Director of Maine Emergency Medical
Services, and after consultation with the State Budget Officer.

 
Sec. X-5. 5 MRSA §1513-A, as enacted by PL 2001, c. 439, Pt. T, §2,
is repealed.

 
Sec. X-6. 5 MRSA §1517, as enacted by PL 1995, c. 464, §4, is
amended to read:

 
§1517. Transfer to Retirement Allowance Fund

 
At the close of each fiscal year, the State Controller shall
transfer from 32% of the unappropriated surplus of the General
Fund to the Retirement Allowance Fund established in section
17251 an amount equal to 1/2 of the balance remaining after all
other required transfers from the excess of total General Fund
revenues received over accepted estimates in that fiscal year and
all required deductions of appropriations, financial commitments,
designated funds, transfers from the unappropriated surplus of


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