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the report required by subsection 2.__The long-term growth rate | | limitation is a percentage rate equal to the measure of real | | economic growth plus the average forecasted inflation rate.__For | | purposes of this subsection, "measure of real economic growth" | | means the average real personal income growth rate as defined in | | section 1665.__For purposes of this subsection, "average forecasted | | inflation rate" means the average forecasted change in the Consumer | | Price Index underlying the revenue projections developed by the | | committee pursuant to subsection 1 for the 5 future calendar years | | in the economic forecast.__"Consumer Price Index" has the same | | meaning as in Title 36, section 5402, subsection 1. |
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| | | Sec. A-8. 5 MRSA §13063-C, sub-§4, ¶B, as amended by PL 2003, c. 451, | | Pt. X, §10, is further amended to read: |
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| | | B. Notwithstanding section 1585, any balance remaining in | | the program after July 31, 2007 must be transferred to the | | Maine Budget Stabilization Fund as established in section | 1513 |
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| | | Sec. A-9. 5 MRSA §17253, sub-§3, as enacted by PL 1995, c. 464, §15, | | is amended to read: |
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| | | 3. Components of unfunded liability contribution. The annual | | valuation report prepared by the actuary in accordance with | | section 17107 must include identification of the impact on the | | employer contribution rate of any excess General Fund revenues | | transferred to the Retirement Allowance Fund pursuant to section | 1517 |
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| | | Sec. A-10. 5 MRSA §22001, sub-§13, as enacted by PL 2001, c. 439, Pt. | | T, §5, is amended to read: |
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| | | 13. Trust fund. "Trust fund" means the Baxter Compensation | | Authority Other Special Revenue Fund account authorized pursuant | to former section 1513, subsection 1-T, or its successor |
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| | | Sec. A-11. 25 MRSA §1612, sub-§7, as amended by PL 2003, c. 451, Pt. | | X, §13, is further amended to read: |
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| | | 7. Payment from the Maine Budget Stabilization Fund. Benefits | | are payable from the Maine Budget Stabilization Fund as provided | in Title 5, section 1513 |
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| | | Sec. A-12. Transition; stabilization fund. Any money in the Maine Budget | | Stabilization Fund on the effective date of this Act is deemed to | | be in the Maine Budget Stabilization Fund as reconstituted by | | this Act. |
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