LD 1691
pg. 89
Page 88 of 99 An Act To Eliminate Pension Cost Reduction Bonding and Provide Replacement Budg... Page 90 of 99
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LR 2419
Item 1

 
that has been delayed during the 2006-2007 biennium by using bond
anticipation notes to have the interest costs of the temporary
borrowing included in the school unit's state and local allocation
as a debt service cost or as an adjustment to the unit's monthly
subsidy payments. It also decreases funding for special education
by $1,500,000 in fiscal year 2006-07 for those school
administrative units that are minimum receivers of state subsidy by
holding the transition percentage for special education costs at
84% for fiscal year 2006-07. This Part decreases funding for
school bus purchases by $3,200,000 in fiscal year 2006-07.

 
Finally, Part I provides that the Department of Education is
responsible for capturing the maximum federal reimbursement to
local school districts for school-based rehabilitation, day
treatment and targeted case management services beginning in
January 2006 and deappropriates $2,500,000 from the General
Purpose Aid for Local Schools program in fiscal year 2006-07 for
the savings to local districts.

 
PART J

 
Part J decreases General Fund appropriations to the Department
of Education for programs other than General Purpose Aid for
Local Schools.

 
PART K

 
Part K reduces funding by $1,402,250 in fiscal year 2005-06
and $1,404,150 in fiscal year 2006-07 to the State's higher
education institutions.

 
This Part also authorizes the University of Maine System to

 
use up to the first $1,000,000 of distribution from the gross
slot machine revenue in fiscal year 2006-07 to support graduate
student stipends for biomedical scholarships.

 
PART L

 
Part L deappropriates $287,306 in fiscal year 2005-06 and
$281,694 in fiscal year 2006-07 to the Department of Economic and
Community Development through reductions in funding to the
following: the Eastern Maine Development Corporation, the
Somerset County Economic Development Corporation, the Maine Small
Business Development Centers, the sponsorship of the Maine Public
Broadcasting Corporation's "Made in Maine" program, the Office of
Business Development's contract with Marshall Communications,
certain contract positions in Farmington, Eastport, Fort Kent and
Houlton and the Maine Technology Institute.


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