Sec. M-1. Transfer of funds. Notwithstanding any other provision of law, on or before June 30, 2002, the State Controller shall transfer $500,000 from the unallocated surplus of the Highway Fund to the unappropriated surplus of the General Fund in order to restore funds transferred from the General Fund to the Highway Fund on or before June 30, 2001 pursuant to Public Law 2001, chapter 1, Part C, section 3.
CHAPTER 559
PART N
Sec. N-1. 20-A MRSA §13451, sub-§3, as amended by PL 2001, c. 439, Pt. PP, §2, is further amended to read:
3. Payment by State. The State shall pay 30% a percentage of the retired teacher members' share of this insurance. according to the following schedule: Beginning July 1, 2002, the State shall pay 35% of the retired teacher members' share of this insurance.
A. Thirty percent until July 1, 2002;
B. Thirty-five percent from July 1, 2002 to March 31, 2003; and
C. Forty percent after March 31, 2003.
Sec. N-2. Appropriations and allocations. The following appropriations and allocations are made.
EDUCATION, DEPARTMENT OF
Retired Teachers' Health Insurance
Initiative: Provides funds for the cost of increasing the State's contribution for health insurance for retired teachers from 35% to 40% beginning April 1, 2003.
General Fund 2001-02 2002-03
All Other $0 $384,146
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