Sec. N-16. Limit of State's obligation. If the State's continued obligation for any individual program contained in sections 6, 9, 10, 13, 14 and 15 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 6, 9, 10, 13, 14 and 15 of this Part may not lapse but must be carried forward for the same purpose.

Sec. N-17. Authorization of payments. Section 1 and sections 3 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, 2004 and ending June 30, 2005.

Sec. N-18. Component funding. In accordance with the Maine Revised Statutes, Title 20-A, section 15607, subsection 3, component funding within general purpose aid for local schools for the fiscal year 2004-05 is as follows:

2004-05

Foundation (including Minimum State Subsidy) $636,029,337

Debt Service 59,045,587

Adjustments 45,303,652

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TOTAL $740,378,576

Sec. N-19. General Purpose Aid for Local Schools; fiscal year 2003-04 balances. Notwithstanding any other provision of law, the total amount of funds available in the General Purpose Aid for Local Schools program in this Part to be distributed to school administrative units in fiscal year 2004-05 includes $5,050,000 in funds carried forward from fiscal year 2003-04.

Sec. N-20. Appropriations and allocations. The following appropriations and allocations are made.

EDUCATION, DEPARTMENT OF

General Purpose Aid for Local Schools 0308

Initiative: Provides additional funding for the General Purpose Aid for Local Schools program in fiscal year 2004-05.

General Fund 2003-04 2004-05

All Other $0 $9,049,331

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