LD 1395
pg. 12
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LR 824
Item 1

 
equipment, additions, accessions and accessories on hand but not
in service if acquired after April 1, 1995 and on or before
April 1, 2003, regardless of when placed in service.

 
Sec. G-4. 36 MRSA §6652, sub-§1-D is enacted to read:

 
1-D.__Limitation on certain property.__Reimbursement may not
be made pursuant to this chapter to the extent that the
property taxes paid after March 31, 2002 are returned to a
taxpayer by a municipality due to the taxpayer's participation
in a municipal development district pursuant to Title 30-A.

 
PART H

 
Sec. H-1. 5 MRSA §1513, sub-§1, as corrected by RR 1999, c. 2, §1,
is amended to read:

 
1. Maine Rainy Day Fund. As the first priority before any
other transfer, the State Controller shall at the close of
each fiscal year reserve from the unappropriated surplus of
the General Fund an amount equal to 1/2 the excess of total
General Fund revenues received over accepted estimates in that
fiscal year and transfer that amount to the Maine Rainy Day
Fund at the beginning of the next fiscal year. Accepted
revenue estimates may not be increased after adjournment of
each First Regular Session of the Legislature except as
provided. For the first year of the biennium, revenue
estimates for the 2nd year of the biennium may be adjusted
once during the Second Regular Session of the Legislature.
Accepted revenue estimates may be increased for other fiscal
periods only if an amount not to exceed 1/2 of the increase is
transferred by the State Controller to the Rainy Day Fund at
the same time from the unappropriated surplus of the General
Fund. The fund may not exceed 6% 10% of the total General
Fund revenues received in the immediately preceding fiscal
year and may not lapse, but remains in a continuing carrying
account to carry out the purposes of this section. A
reduction in the fund is not necessary in the event the total
General Fund revenues received in the immediately preceding
fiscal year are less than the total General Fund revenues
received in the fiscal year 2 years previous and if the fund
is at its 6% 10% limit.

 
Sec. H-2. 5 MRSA §1519, sub-§2, as enacted by PL 1999, c. 731, Pt.
DD, §1 and affected by §2, is amended to read:

 
2. Funding. At the close of each fiscal year, the State
Controller shall transfer from the unappropriated surplus of
the General Fund to the Retiree Health Insurance Internal
Service Fund an amount equal to the balance remaining of the
excess of


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