LD 1
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LR 328
Item 1

 
requirements for each fiscal year of the ensuing biennium that do
not exceed the Highway Fund appropriation of the previous fiscal
year multiplied by one plus the average real personal income
growth rate or 2.75%, whichever is less.__The Highway Fund
highway and bridge improvement accounts are exempt from this
spending limitation.

 
Sec. A-8. 5 MRSA §1710-F, sub-§4 is enacted to read:

 
4.__Appropriation limitation.__The committee shall make all
determinations necessary to make the appropriation limitation
calculations required under chapter 142.

 
Sec. A-9. 5 MRSA §13063-C, sub-§4, ¶B, as amended by PL 2003, c. 451,
Pt. X, §10, is further amended to read:

 
B. Notwithstanding section 1585, any balance remaining in
the program after July 31, 2007 must be transferred to the
Maine Budget Stabilization Fund as established in section
1513 1532.

 
Sec. A-10. 5 MRSA §17253, sub-§3, as enacted by PL 1995, c. 464, §15,
is amended to read:

 
3. Components of unfunded liability contribution. The annual
valuation report prepared by the actuary in accordance with
section 17107 must include identification of the impact on the
employer contribution rate of any excess General Fund revenues
transferred to the Retirement Allowance Fund pursuant to section
1517 1532.

 
Sec. A-11. 5 MRSA §22001, sub-§13, as enacted by PL 2001, c. 439, Pt.
T, §5, is amended to read:

 
13. Trust fund. "Trust fund" means the Baxter Compensation
Authority Other Special Revenue Fund account authorized pursuant
to former section 1513, subsection 1-T, or its successor.

 
Sec. A-12. 25 MRSA §1612, sub-§7, as amended by PL 2003, c. 451, Pt.
X, §13, is further amended to read:

 
7. Payment from the Maine Budget Stabilization Fund. Benefits
are payable from the Maine Budget Stabilization Fund as provided
in Title 5, section 1513 1532, subsection 6.

 
Sec. A-13. Transition; stabilization fund. Any money in the Maine Budget
Stabilization Fund on the effective date of this Act is deemed to
be in the Maine Budget Stabilization Fund as reconstituted by
this Act.


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