An Act To Recapitalize the Municipal Investment Trust Fund
Be it enacted by the People of the State of Maine as follows:
Sec. 1. Transfer to Municipal Investment Trust Fund. Notwithstanding any other provision of law, the State Controller shall transfer $5,000,000 from the undedicated revenue of the General Fund to the Maine Municipal Bond Bank to capitalize the Municipal Investment Trust Fund no later than June 30, 2008.
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This bill requires the State Controller to transfer $5,000,000 from the undedicated revenue of the General Fund to the Maine Municipal Bond Bank to capitalize the Municipal Investment Trust Fund no later than June 30, 2008.