131st MAINE LEGISLATURE
		LD 193		LR 300(01)
	An Act to Provide Excess General Fund Revenue to the School Revolving Renovation Fund and the Education Stabilization Fund
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Pierce of Cumberland
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Redistribution of final priority transfers Reduces funding to the Maine Budget Stabilization Fund
Fiscal Detail and Notes
	Current law provides that, at the close of any fiscal year, balances remaining in the unappropriated surplus of the General Fund after other priority transfers have been made as part of the so called "cascade" be distributed 80% to the Maine Budget Stabilization Fund (BSF) and 20% to the Highway and Bridge Capital program.
	This bill proposes to lower the percentage of funding distributed to the BSF from 80% to 40% and redistribute that 40% to the School Revolving Renovation Fund (20%) and the Education Stabilization Fund (20%).