ADJUSTMENTS AND MISCELLANEOUS

COSTS

TOTAL $1,467,403,644 $728,026,120

Sec. C-15. Limit of State's obligation. If the State's continued obligation for any individual program contained in section 5, 8, 9, 12, 13 or 14 of this Part exceeds the level of funding provided for that program, any unexpended balances occurring in other programs may be applied to avoid proration of payments for any individual program. Any unexpended balances from sections 5, 8, 9, 12, 13 and 14 of this Part may not lapse but must be carried forward for the same purposes.

Sec. C-16. Cushion. The First Regular Session of the 121st Legislature shall establish a method of distribution for the 2003-04 cushion, including the establishment of eligibility criteria that school administrative units must meet in order to receive this cushion.

Sec. C-17. Appropriations. Sections 2 to 16 of this Part may not be construed to require the State to provide payments that exceed the appropriation of funds for general purpose aid for local schools for the fiscal year beginning July 1, 2003 and ending June 30, 2004.

Sec. C-18. Component funding. In accordance with the Maine Revised Statutes, Title 20-A, section 15607, subsection 3, component funding within the General Purpose Aid for Local Schools account for fiscal year 2003-04 is as follows:

2003-04

Foundation (including Minimum State Subsidy) $620,548,488

Debt Service 60,844,454

Adjustments 46,633,178

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TOTALS $728,026,120

Sec. C-19. Department of Education Debt Service transfer. Notwithstanding any other provision of law, the State Controller may transfer $200,000 in fiscal year 2003-04 and $300,000 in fiscal year 2004-05 from the General Purpose Aid for Local Schools account in the Department of Education to General Fund unappropriated surplus no later than June 30, 2004 and June 30, 2005. These savings will be achieved through the standardization of specifications related to all phases of school construction