LD 468
pg. 339
Page 338 of 348 An Act Making Unified Appropriations and Allocations for the Expenditures of St... Page 340 of 348
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LR 2149
Item 1

 
Part F amends the current provisions by authorizing the Maine
Governmental Facilities Authority to issue additional securities
totaling $9,000,000 for capital repairs and improvements at various
state facilities.

 
PART G

 
Part G changes the distribution of the State's share of real
estate transfer tax proceeds by reducing the amount paid to the
Maine State Housing Authority by $7,500,000 in each fiscal year.

 
PART H

 
Part H does the following.

 
It designates the Department of Administrative and Financial
Services as the fiscal agent for the Workers' Compensation Board
and the Commission on Governmental Ethics and Election Practices.

 
It requires the Commissioner of Administrative and Financial
Services to review the organizational structure, functions and
systems of departments and agencies statewide regarding financial
and human resources services and information technology functions
and systems to improve efficiency and cost-effectiveness.

 
It requires the calculation and transfer of statewide savings
identified from the review of financial and human resources
services and information technology functions and systems and of
position counts for fiscal years 2005-06 and 2006-07 that are
identified in Part B, section 1.

 
PART I

 
Part I does the following.

 
It authorizes the use of the lottery proceeds for payment to a
qualified investor during the term of securitization.

 
It authorizes the Commissioner of Administrative and Financial
Services to enter into financial agreements with the Maine State
Retirement System or other qualified investors during fiscal year
2005-06 and fiscal year 2006-07 to securitize up to $250,000,000
of lottery revenues for a 10-year period or lease, sell or
otherwise assign lottery revenues for a 10-year period.

 
PART J

 
Part J authorizes a prioritized series of transfers from the
unappropriated surplus of the General Fund at the end of fiscal
year 2005-06 to various programs within State Government.


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