Section 4 repeals the Railroad Preservation and Assistance Fund and section 5 requires that the railroad excise tax revenue derived from the Maine Revised Statutes, Title 36, chapter 361 and taxes paid under Title 36, section 1865 be deposited into the State Transit, Aviation and Rail Transportation Fund account. This will reduce the revenue in the Railroad Preservation and Assistance Fund by $430,000 in fiscal year 2005-06 and fiscal year 2006-07. This will increase the revenue in the State Transit, Aviation and Rail Transportation Fund by $430,000 in fiscal year 2005-06 and fiscal year 2006-07.

Sections 6 and 7 change references to the repealed Railroad Preservation and Assistance Fund to refer to the State Transit, Aviation and Rail Transportation Fund.

Section 8 authorizes $100,000 per year of gasoline taxes attributable to statewide transit efforts to be deposited into the State Transit, Aviation and Rail Transportation Fund account. This will decrease the undedicated Highway Fund revenue by $100,000 in fiscal year 2005-06 and fiscal year 2006-07. This will increase the revenue in the State Transit, Aviation and Rail Transportation Fund by $100,000 in fiscal year 2005-06 and fiscal year 2006-07.

Section 9, effective October 1, 2005, directs the Treasurer of State to deposit tax received by the State on internal combustion engine fuels that are sold to be used for aeronautical purposes to the State Transit, Aviation and Rail Transportation Fund. This will decrease General Fund revenue by $776,250 in fiscal year 2005-06 and $1,045,000 in fiscal year 2006-07. This will increase the revenue in the State Transit, Aviation and Rail Transportation Fund by $776,250 in fiscal year 2005-06 and $1,045,000 in fiscal year 2006-07.

Section 10 directs the State Controller to transfer the existing cash balance in the Railroad Assistance Program, Other Special Revenue Funds account within the Department of Transportation to the State Transit, Aviation and Rail Transportation Fund.

Section 11 provides necessary transition language.

Section 12 requires that the vacancy report to be prepared pursuant to Public Law 2005, chapter 386, Part N be delivered to the Joint Standing Committee on Transportation, in addition to the Joint Standing Committee on Appropriations and Financial Affairs, if the recommendations for position eliminations affect