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Amend the bill by striking out all of section 3 (page 1, lines 20 to 23 in L.D.)
Amend the bill by inserting after section 6 the following:
‘Sec. 7. Transfer from Highway Fund to TransCap Trust Fund. On or before June 30, 2009, the State Controller shall transfer $5,000,000 from the Highway Fund to the TransCap Trust Fund established in the Maine Revised Statutes, Title 30-A, section 6006-G.
Sec. 8. Appropriations and allocations. The following appropriations and allocations are made.
 
MUNICIPAL BOND BANK, MAINE
 
TransCap Trust Fund
 
Initiative: Allocates funds to authorize transfer to the TransCap Trust Fund at the Maine Municipal Bond Bank.

OTHER SPECIAL REVENUE FUNDS	2007-08	2008-09	
All Other	$0	$5,000,000	
 	  	  	
OTHER SPECIAL REVENUE FUNDS TOTAL	$0	$5,000,000	

TRANSPORTATION, DEPARTMENT OF
 
Highway and Bridge Capital 0406
 
Initiative: Deallocates funds on a one-time basis from the Highway and Bridge Capital program to transfer to the TransCap Trust Fund for the debt service on a bond of up to $50,000,000.

HIGHWAY FUND	2007-08	2008-09	
Capital Expenditures	$0	($5,000,000)	
 	  	  	
HIGHWAY FUND TOTAL	$0	($5,000,000)	
 
’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment removes the transfer from the Maine Budget Stabilization Fund and instead transfers funds from the Highway Fund to the TransCap Trust Fund.