| 6. Assessment levied. The assessments levied under this |
section may not be designed to produce more than $6,000,000 in |
revenues annually beginning in the 1995-96 fiscal year, more than |
$6,600,000 annually beginning in the 1997-98 fiscal year, more |
than $6,735,000 beginning in the 1999-00 fiscal year, more than |
$7,035,000 in the 2001-02 fiscal year or more than $6,860,000 |
beginning in the 2002-03 fiscal year. Assessments collected that |
exceed $6,000,000 beginning in the 1995-96 fiscal year, |
$6,600,000 beginning in the 1997-98 fiscal year, $6,735,000 |
beginning in the 1999-00 fiscal year, $7,035,000 in fiscal year |
2001-02 or $6,860,000 beginning in the 2002-03 fiscal year by a |
margin of more than 10% must be refunded to those who paid the |
assessment. Any amount collected above the board's allocated |
budget and within the 10% margin must be used to create a reserve |
of up to 1/4 of the board's annual budget. The board, by a |
majority vote of its membership, may use its reserve to assist in |
funding its Personal Services account expenditures and All Other |
account expenditures and to help defray the costs incurred by the |
board pursuant to this Act including administrative expenses, |
consulting fees and all other reasonable costs incurred to |
administer this Act.__The board shall notify the chairs and |
members of the joint standing committee of the Legislature having |
jurisdiction over labor matters whenever the board receives |
approval from the State Budget Officer and the Governor to use |