Sec. M-1. 5 MRSA §286, 4th ¶, as enacted by PL 1987, c. 731, §7, is amended to read:
The commissioner shall establish a fund the Accident, Sickness and Health Insurance Internal Service Fund through the Treasurer of State in which Controller in which health insurance and dental insurance premiums collected from state departments and agencies and other plan participants, premium dividends, return of premiums resulting from risk reduction programs and any other receipts shall must be deposited to be used for the purposes of the state employee health insurance program as determined by the commission. The fund is a continuing fund and may not lapse. Interest earned from investment of the fund shall be credited to the fund.
Sec. M-2. Transition. The operations of the Accident, Sickness and Health Insurance Dedicated Revenue Account including all positions, Personal Services, All Other, Capital Expenditures funding, cash balances and other assets and liabilities may be transferred on July 1, 2000 to the Accident, Sickness and Health Insurance Internal Service Fund. Once the transfer has taken place and the internal service fund implemented, the Accident, Sickness and Health Insurance Dedicated Revenue Account may be abolished.
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