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of securities will not materially impair the credit standing of the | | authority, the investment status of securities issued by the | | authority or the ability of the authority to fulfill its | | commitments to__holders of securities.__Nothing in this chapter may | | be construed to authorize the authority to issue securities to fund | | the construction, reconstruction, purchase or acquisition of | | facilities without a majority vote of approval in each House of the | | Legislature. |
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| | | Sec. 3. 5 MRSA §298, 2nd ¶, as enacted by PL 1977, c. 513, §1, is | | amended to read: |
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| | | The commission shall consist7 | | follows: |
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| | | Sec. 4. 5 MRSA §1513, sub-§1-H, as enacted by PL 1997, c. 564, §1, is | | reallocated to 5 MRSA §1513, sub§1-L. |
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| | | Sec. 5. 5 MRSA §1583-A, as amended by PL 1997, c. 643, Pt. Y, §1, | | is further amended to read: |
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| | | §1583-A. Creation of positions |
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| | | Notwithstanding any other provision of law, limited period, | | project or any other temporary positions may be established by | | financial order so long as the end date for such positions does | | not exceed the statutory adjournment date for the next regular | | session of the Legislature. |
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| | | Sec. 6. 5 MRSA §1665, sub-§7, as amended by PL 1997, c. 643, Pt. E, §3 | | and c. 655, §3, is repealed and the following enacted in its | | place: |
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| | | 7.__General Fund and Highway Fund revenue and expenditure | | forecasts.__By September 30th of each even-numbered year, the | | State Budget Officer shall prepare and deliver a report to the | | Governor, the Legislature and the joint standing committee of the | | Legislature having jurisdiction over appropriations and financial | | affairs containing a forecast of revenue and expenditures for the | | following biennium.__The forecast must assume the continuation of | | current laws and include reasonable and predictable estimates of | | growth in revenues and expenditures based on national and local | | trends and program operations.__General Fund and Highway Fund | | revenue must be forecasted by income source as provided in | | chapter 151-B.__Expenditure forecasts for the General Fund and | | the Highway Fund must be forecasted on the basis of current law | | and assumed inflation variables related to program operations.__ | | The forecast for the General Fund and the Highway Fund must be | | presented in a budget fund flow statement and a comparative |
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