Funds in the Reserve for General Fund Operating Capital may not exceed 4% of the total General Fund revenues in the immediately preceding state fiscal year. 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 $35,000,000. Any balance in the Loan Insurance Reserve is appropriated for this purpose.

Sec. X-2. 5 MRSA §1513, as amended by PL 2001, c. 559, Pt. E, §1, is repealed.

Sec. X-3. 5 MRSA §1513-A, as enacted by PL 2001, c. 439, Pt. T, §2, is repealed.

Sec. X-4. 5 MRSA §1516-A, sub-§1, as enacted by PL 1997, c. 643, Pt. AAA, §1, is amended to read:

1. Capital Construction and Improvements Reserve Fund. There is created the Capital Construction and Improvements Reserve Fund, referred to in this section as the "fund," that may be used solely for capital projects that construct, renovate or improve state facilities. Money in the fund may not be expended on facility maintenance issues. Funds in the fund may not exceed 1% of the total General Fund revenues in the immediately preceding state fiscal year.

Sec. X-5. 5 MRSA §1517, as enacted by PL 1995, c. 464, §4, is repealed.

Sec. X-6. 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