| Sec. MM-2. Calculation and transfer. Notwithstanding any other provision |
| of law, the State Budget Officer shall calculate the amount of |
| savings in Part B, section 1 that applies against the General |
| Purpose Aid for Local Schools and Retired Teachers' Health |
| Insurance General Fund accounts within the Department of |
| Education from savings in the cost of health insurance |
| attributable to reductions of hospital inpatient rates and shall |
| transfer the amounts by financial order upon the approval of the |
| Governor. These transfers are considered adjustments to |
| appropriations in fiscal years 2005-06 and 2006-07. The State |
| Budget Officer shall provide the joint standing committee of the |
| Legislature having jurisdiction over appropriations and financial |
| affairs a report of the transferred amounts no later than January |
| 15, 2007. |