PART KKK

Sec. KKK-1. Calculation and transfer; General Fund savings through increased efficiencies. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of savings that result from this Part that apply against each General Fund account for all departments and agencies except legislative branch departments and agencies from increased efficiencies and shall transfer the amounts by financial order upon 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 not later than November 5, 2006.

Sec. KKK-2. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF

Executive Branch Departments and Independent

Agencies - Statewide 0017

Initiative: Reduces funding to be realized through increased efficiencies.

GENERAL FUND 2005-06 2006-07

Unallocated ($1,886,468) ($1,886,468)

____________ ____________

GENERAL FUND TOTAL ($1,886,468) ($1,886,468)

SUMMARY

PART A

Part A repeals the authority for the Maine Municipal Bond Bank to issue pension cost reduction bonds that was provided in Public Law 2005, chapter 12, Part PPPP, section 1. It also appropriates funds to the Teacher Retirement program within the Department of Education to restore the deappropriations provided