HP1089
LD 1564		 First Regular Session - 123rd Maine Legislature
S "A", Filing Number S-355, Sponsored by ROTUNDO
Text: MS-Word, RTF or PDF
 LR 1876
Item 4
Bill Tracking Chamber Status

Amend the amendment by striking out all of section 2 (page 1, lines 18 to 27 in amendment) and inserting the following:

‘Sec. 2. Transfer to the financial literacy program. Resolved: That, notwithstanding any other provision of law, the State Controller shall transfer $15,000 in fiscal year 2007-08 from the Office of Consumer Credit Regulation, Other Special Revenue Funds account in the Department of Professional and Financial Regulation to the financial literacy program, Other Special Revenue Funds account in the Office of the Treasurer of State. The State Controller shall make this transfer at a time determined in consultation with the Director of the Office of Consumer Credit Regulation and the Treasurer of State; and be it further

Sec. 3. Appropriations and allocations. Resolved: That the following appropriations and allocations are made.

TREASURER OF STATE, OFFICE OF THE

Financial Literacy Program N004

Initiative: Allocates funds for costs associated with hosting a statewide seminar on teaching financial literacy to public school students, including speakers, materials and food.

OTHER SPECIAL REVENUE FUNDS 2007-08 2008-09
All Other
 $15,000 $0
inline graphic sline.gif inline graphic sline.gif
OTHER SPECIAL REVENUE FUNDS TOTAL $15,000 $0
’

summary

This amendment removes the General Fund appropriation of $15,000 in fiscal year 2007-08. It also provides a one-time Other Special Revenue Funds allocation to the financial literacy program within the Office of the Treasurer of State of $15,000 for fiscal year 2007-08 to establish an account and to allow it to receive one-time funds transferred from the unobligated balances of the Office of Consumer Credit Regulation. This allocation will fund the additional costs associated with hosting a statewide seminar on teaching financial literacy to public school students, including speakers, materials and food.

FISCAL NOTE REQUIRED
(See attached)

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