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This amendment
will transfer $1,000,000 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 $4,200,000 in the MCEF. This amendment also reverses this
transaction later in fiscal year 2018-19 by transferring, on or before
January 1, 2019, $1,000,000 from the General Fund back to the MCEF. This
amendment also includes a one-time $3,976,470 Other Special Revenue Funds
allocation in fiscal year 2018-19 for the MCEF, to correct an error in PL
2017, Chapter 284, Part ZZZZZZ, Section 19, that resulted in a negative
$1,010,665 Other Special Revenue Funds allocation in fiscal year
2018-19. 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. |