Sec. V-1. 5 MRSA §1511, as amended by PL 1995, c. 464, §3, is further amended to read:
§1511. Reserve for General Fund operating capital
The State Controller may, at the close of each fiscal year, transfer from the Unappropriated Surplus of the General Fund to the Reserve for General Fund Operating Capital such amounts as may be available from time to time up to an amount of $1,000,000 a year until a maximum of $50,000,000 is achieved. The State Controller is further authorized, at the close of each fiscal year, to transfer from the Unappropriated Surplus of the General Fund to the Loan Insurance Reserve amounts as may be available from time to time, up to an amount of $1,000,000 per year. The balance of this reserve must be paid to the Finance Authority of Maine if such payment does not cause the balance in the reserve fund maintained by the authority, when added to amounts held in the Finance Authority of Maine Mortgage Insurance Fund that are not committed or encumbered for another purpose, to exceed $20,000,000 $35,000,000. Any balance in the Loan Insurance Reserve is appropriated for this purpose.
Sec. V-2. Transfer of funds. Notwithstanding the Maine Revised Statutes, Title 38, section 568-B, subsection 2, paragraph E, $200,000 must be transferred from the Underground Oil Storage Replacement Fund account in the Finance Authority of Maine to the General Fund as undedicated revenue no later than June 30, 2002.
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