LD 1677
pg. 137
Page 136 of 149 An Act To Make Supplemental Appropriations and Allocations for the Expenditures... Page 138 of 149
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LR 2150
Item 1

 
Sec. L-2. 30-A MRSA §6006-F, sub-§3, ¶¶G and H, as enacted by PL 1997, c.
787, §13, are amended to read:

 
G. To invest as a source of revenue or security for the
payment of principal and interest on general or special
obligations of the bank if the proceeds of the sale of the
obligations have been deposited in the fund, or if the
proceeds of the sale of the obligations are used for the
purposes authorized in paragraph A and certified under
subsection 5, or as a source of revenue to subsidize the
school administrative unit loan payment obligations; and

 
H. To pay the costs of the bank and the Department of
Education associated with the administration of the fund and
projects financed by the fund, except that no more than the
lesser of 2% of the aggregate of the highest fund balances
in any fiscal year and 4% of the combined value of any
capitalization grants provided by the United States for
deposit in the fund may be used for these purposes. The
Commissioner of Education is authorized to receive revenue
from the fund administered by the bank. Funds provided to
the Department of Education from the fund must be deposited
in a nonlapsing dedicated account to be used to carry out
the purposes of this section; and.

 
Sec. L-3. 30-A MRSA §6006-F, sub-§3, ¶I, as enacted by PL 1997, c. 787,
§13, is repealed.

 
PART M

 
Sec. M-1. 22 MRSA §8712, sub-§5 is enacted to read:

 
5. Assisting efficiency in budgeting and planning.__The
organization shall prepare reports for the exclusive use of the
Department of Administrative and Financial Services and the
Governor detailing the claims experience of health care benefits
funded, in whole or in part, by the General Fund.

 
PART N

 
Sec. N-1. Vacancy report. The Department of Administrative and
Financial Services shall review vacant positions throughout State
Government, regardless of funding source. The department shall
submit a report to the Joint Standing Committee on Appropriations
and Financial Affairs by January 15, 2006 with any
recommendations for position eliminations.


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