123rd MAINE LEGISLATURE
		LD 2026		LR 3140(02)
	Resolve, To Reimburse School Administrative District No. 11 for the State Share of Retirement Contributions Paid in Error
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$90,788	$0	$0	$0
Appropriations/Allocations
	General Fund		$90,788	$0	$0	$0
Fiscal Detail and Notes
	This bill includes a one-time General Fund appropriation of $90,788 to the Miscellaneous Acts and Resolves program within the Department of Administrative and Financial Services to reimburse School Administrative District No. 11 for retirement contributions made in error.  Based on information provided by the Maine Public Employees Retirement System and the Department of Education, the amount paid to the Retirement System by SAD 11 was $107,597.  Of that amount, the Retirement System has reimbursed $16,809 to SAD 11, leaving a balance of $90,788 to be paid by the State.