Sec. N-2. Planning Office - Smart Growth Initiative; lapsed balances. Notwithstanding any other provision of law, $4,094 of unencumbered balance forward in fiscal year 2003-04 in the Planning Office - Smart Growth Initiative General Fund account in the Executive Department lapses to the General Fund in fiscal year 2003-04.

Sec. N-3. Land for Maine's Future Fund; lapsed balances. Notwithstanding any other provision of law, $47,441 of unencumbered balance forward in fiscal year 2003-04 in the Land for Maine's Future Fund General Fund account in the Executive Department lapses to the General Fund in fiscal year 2003-04.

PART O

Sec. O-1. 26 MRSA §62, as amended by PL 2001, c. 398, Pt. B, §§1 and 2, is further amended to read:

§62. Occupational Safety Loan Fund

1. Establishment of fund. There is established in the State Treasury a special fund known as the Occupational Safety Loan Fund, for the purposes of making loans, interest rate subsidies and grants in accordance with section 63, and of providing funds for the administration of that section. The loan fund must be administered by the commissioner. The department has authority over the loan fund and may do all things necessary or convenient in the administration of the loan fund and shall formulate and adopt rules pursuant to Title 5, chapter 375 governing the administration, maintenance, loan disbursements, loan repayments, making of grants and interest rate subsidies and collections of the loan fund, and perform all other functions that the laws of this State specifically authorize or that are necessary or appropriate. All money and securities in the loan fund must be held in trust by the Treasurer of State for the purposes of the loan and interest rate subsidy program established and grants authorized under section 63 and may not be money or property for the general use of the State, except that during the fiscal year ending June 30, 1991, the State may transfer up to $400,000 to the undedicated General Fund revenues. The Treasurer of State shall invest the money of the fund in accordance with law. The fund does not lapse.

2. Loans, interest rate subsidies and grants from fund. The loan fund may make loans and grants and provide interest rate subsidies in accordance with section 63.