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shall inform the State Budget Officer of the amount of savings from | | the improvements identified and implemented as a result of the | | review. Notwithstanding any other provision of law, the State | | Budget Officer shall transfer position counts and available | | balances by financial order upon approval of the Governor in order | | to achieve the savings in section 2 that are attributable to this | | section. These transfers are considered adjustments to authorized | | position count, appropriations and allocations in fiscal year 2006- | | 07. |
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| | | Sec. K-2. Appropriations and allocations. The following appropriations | | and allocations are made. |
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| | | ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF |
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| | | Departments and Agencies - Statewide 0016 |
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| | | Initiative: Represents projected savings from departments and | | agencies statewide from a review of administrative hearing | | functions. |
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| | | GENERAL FUND | 2005-06 | 2006-07 |
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| | | GENERAL FUND TOTAL | $0 | ($80,000) |
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| | | Sec. L-1. 36 MRSA §5122, sub-§1, ¶V, as amended by PL 2003, c. 705, §8, | | is further amended to read: |
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| | | V. For tax years beginning on or after January 1, 2003 and | before January 1, 2006 2007, the amount claimed as a federal | | income adjustment for student loan interest under the Code, | | Section 62 (a)(17), but only for interest paid after 60 | months from the start of the loan repayment period; and |
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| | | Sec. L-2. 36 MRSA §5218, sub-§1, as amended by PL 2003, c. 20, Pt. FF, | | §1, is further amended to read: |
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| | | 1. Resident taxpayer. A resident individual is allowed a | | credit against the tax otherwise due under this Part in the | | amount of 25% of the federal tax credit allowable for child and | | dependent care expenses in the same tax year, except that for tax | years beginning in 2003, 2004 and 2005 to 2006, the applicable | | percentage is | | 21.5% instead of 25%. |
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| | | Sec. L-3. 36 MRSA §5218, sub-§2, as amended by PL 2003, c. 391, §10, | | is further amended to read: |
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