B.__An amount equal to the balance remaining of the excess of total General Fund revenues received over accepted estimates in that fiscal year that would have been transferred to the Capital Construction and Improvements Reserve Fund established in section 1516-A had the Capital Construction and Improvements Reserve Fund not been at its statutory limit of 1% of total General Fund revenues received in the immediately preceding fiscal year.

Sec. X-8. 5 MRSA §1710-F, sub-§4 is enacted to read:

4.__Committee to calculate long-term growth rate limitation.__ The committee shall calculate a percentage rate to be referred to as "the long-term growth rate limitation" and shall include it in the report required by subsection 2.__The long-term growth rate limitation is a percentage rate equal to the average real personal income growth rate plus the average forecasted inflation rate.__For purposes of this subsection, "average real personal income growth rate" means the average for the prior 10 calendar years, ending with the most recent calendar year for which data are available, of the percent change in the State personal income for a calendar year, as estimated by the United States Department of Commerce, Bureau of Economic Analysis, less the percent change in the Consumer Price Index for that calendar year.__For purposes of this subsection, "average forecasted inflation rate" means the average forecasted change in the Consumer Price Index underlying the revenue projections developed by the committee pursuant to subsection 1.__"Consumer Price Index" has the same meaning as in Title 36, section 5402, subsection 1.

Sec. X-9. 5 MRSA §13063-C, sub-§4, ¶B, as enacted by PL 2001, c. 680, §1, is amended to read:

B. Notwithstanding section 1585, any balance remaining in the program after July 31, 2007 must be transferred to the Maine Rainy Day Budget Stabilization Fund as established in section 1513 1522.

Sec. X-10. 5 MRSA §17253, sub-§3, as enacted by PL 1995, c. 464, §15, is amended to read: