LD 1691
pg. 65
Page 64 of 99 An Act To Eliminate Pension Cost Reduction Bonding and Provide Replacement Budg... Page 66 of 99
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LR 2419
Item 1

 
Initiative: Deappropriates funds as a result of postponing the
5% increase in the State's share of funding health insurance for
retired teachers from October 1, 2005 to January 1, 2006.

 
GENERAL FUND2005-062006-07

 
All Other ($441,189) ($0)

 
____________________

 
GENERAL FUND TOTAL ($441,189)

 
PART UU

 
Sec. UU-1. 20-A MRSA §13451, sub-§3-B, as enacted by PL 2005, c. 12,
Pt. X, §3, is repealed.

 
PART VV

 
Sec. VV-1. Transfer of funds; Department of Professional and Financial Regulation.
Notwithstanding any other provision of law, the State Controller
shall transfer $5,000,000 from the Other Special Revenue Funds
accounts in the Department of Professional and Financial
Regulation, including the Board of Licensure in Medicine, State
Board of Nursing, Board of Optometric Examiners, Board of Dental
Examiners, Board of Osteopathic Licensure and Board of
Registration for Professional Engineers, to the unappropriated
surplus of the General Fund no later than June 30, 2006. The
Commissioner of Professional and Financial Regulation shall
certify to the State Controller the accounts from which funds
will be transferred and the amounts to be transferred from each
account.

 
Sec. VV-2. Report by Commissioner of Professional and Financial Regulation. The
Commissioner of Professional and Financial Regulation shall
provide a report to the joint standing committee of the
Legislature having jurisdiction over appropriations and financial
affairs, the joint standing committee of the Legislature having
jurisdiction over business, research and economic development
matters and the joint standing committee of the Legislature
having jurisdiction over insurance and financial services matters
on the accounts affected and the amounts transferred pursuant to
section 1 no later than June 30, 2006.

 
PART WW

 
Sec. WW-1. Appropriations and allocations. The following appropriations
and allocations are made.


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