HP1071, LD 1579, item 2, Document Text

Amend the bill by striking out all of section 1 (page 1, lines 11 to 15 in L.D.) and inserting the following:

‘Sec. 1. PL 2015, c. 267, Pt. E, §1 is repealed and the following enacted in its place:

Sec. E-1. Transfers to Maine Clean Election Fund. The State Controller shall make the following transfers of the $3,000,000 required to be transferred from the General Fund undedicated revenue to the Maine Clean Election Fund on or before January 1, 2017 pursuant to the Maine Revised Statutes, Title 21-A, section 1124, subsection 2, paragraph B:

1. Five hundred thousand dollars on or before July 15, 2016;

2. Five hundred thousand dollars on or before August 1, 2016; and

3. Two million dollars on or before January 1, 2017.’

summary

This amendment changes the date by which the State Controller is directed to transfer funds from the General Fund to the Maine Clean Election Fund from on or before June 30, 2016 to on or before August 1, 2016 and changes the amount of that transfer from $2,500,000 to $500,000.

FISCAL NOTE REQUIRED

(See attached)

HP1071 LD 1579	Session - 127th Maine Legislature C "A", Filing Number H-661, Sponsored by		LR 2622 Item 2
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