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This amendment
will transfer $1,500,000 from the Maine Clean Election Fund (MCEF) within the
Commission on Governmental Ethics and Election Practices to the
unappropriated surplus of the General Fund within 10 days of the effective
date of this bill. (This fiscal note assumes that will occur early in fiscal
year 2018-19.) It is anticipated that this will leave a cash balance of
approximately $2,800,000 in the MCEF. This amendment also reverses this
transaction later in fiscal year 2018-19 by transferring, on or before
January 1, 2019, $1,500,000 from the General Fund back to the MCEF. As
amended, the MCEF may require additional allocation if the full amount of
funding available in fiscal year 2018-19 is to be expended. That allocation
will need to be provided either by additional legislative action or by
financial order. |