CHAPTER 6

H.P. 18 - L.D. 11

An Act to Establish the Administrative Operating Budget for

the Maine State Retirement System for the Fiscal Year

Ending June 30, 2004

Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas, the 90-day period may not terminate until after the beginning of the next fiscal year; and

Whereas, certain obligations and expenses incident to the operation of the Maine State Retirement System will become due and payable before the 90-day period may terminate; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:

Sec. 1. Allocation of funds. Administrative operating expenses of the Maine State Retirement System for the fiscal year ending June 30, 2004 must be paid from the retirement system's Expense Fund in accordance with the following schedule.

2003-04

MAINE STATE RETIREMENT SYSTEM

Personal Services $7,098,675