4.__Transfers from fund.__Money in the fund may be allocated only for the purpose of meeting the State's share of the cost of funding public education from kindergarten to grade 12 and only upon a 2/3 vote of all the members elected to each House of the Legislature.

5.__Nonlapsing fund.__Any unexpended balance in the fund may not lapse, but must be carried forward.

6.__Investment of fund.__The money in the fund may be invested as provided by law with the earnings credited to the fund.

Sec. 4. 5 MRSA §1710-A, sub-§§2 and 3, as amended by PL 1997, c. 643, Pt. W, §1, are further amended to read:

2. Biennial economic assumptions. The commission shall submit recommendations for state economic assumptions for the next fiscal biennium and analyze economic assumptions for the current fiscal biennium, which must be approved by a majority of the commission members. No later than November 1st of each even-numbered year, the commission shall submit to the Governor, the Legislative Council, the Revenue Forecasting Committee, the State Tax Assessor, the Commissioner of Education and the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs a report that presents the analyses, findings and recommendations for economic assumptions related to revenue forecasting for the next fiscal biennium. The report must identify the actual growth in total annual personal income for the 2 years preceding the current fiscal year, and an estimate of the projected growth in total annual personal income for the current fiscal year and for each fiscal year of the next biennium.__For purposes of this subsection, "total annual personal income" means the total personal income of the State's residents as reported by the United States Department of Commerce, Bureau of Economic Analysis for the fiscal year that coincides with the State's fiscal year. In its report, the commission shall fully describe the methodology employed in reaching its recommendations.

3. Current biennium adjustments. No later than February 1st and November 1st annually the commission shall submit to the Governor, the Legislative Council, the Revenue Forecasting