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Amend the amendment in section 2 in subsection 1 by striking out all of paragraphs A to F (page 2, lines 31 to 41 in amendment) and inserting the following:
 
‘A. Thirty-fiveTwenty-eight percent to the stabilization fund;
 
B. TwentySixteen percent to the Retirement Allowance Fund established in section 17251;
 
C. TwentySixteen percent to the Reserve for General Fund Operating Capital;
 
D. FifteenTwelve percent to the Retiree Health Insurance Internal Service Fund established in section 1519 to be used solely for the purpose of amortizing the unfunded actuarial liability associated with future health benefits; and
 
E. TenEight percent to the Capital Construction and Improvements Reserve Fund established in section 1516-A.; and
 
F. Twenty percent to the Tax Relief Fund for Maine Residents established in section 1518-A.’
 
SUMMARY
This amendment decreases the percentage of excess revenue that is transferred to the Tax Relief Fund for Maine Residents from 40% to 20% and increases by 1/3 the percentages proposed in the committee amendment the percentage of excess revenue that is transferred to other accounts in the cascade.
FISCAL NOTE REQUIRED
(See attached)