Sec. C-1. Children's Health Reserve Account established. The Children's Health Reserve Account, referred to in this Part as the "account," is established as an Other Special Revenue account that may not lapse. The following funds must be transferred into the account.
1. Excess General Fund revenue; transfer of funds. Notwithstanding any other provision of law, the State Controller shall transfer an amount not to exceed $6,200,000 in excess of the base General Fund revenue estimates for fiscal year 1997-98 for inheritance and estate tax to the Children's Health Reserve Account as Other Special Revenue in the Department of Administrative and Financial Services no later than June 30, 1998. These funds may be transferred and made available by financial order, upon recommendation of the State Budget Officer and approval of the Governor, to be used for children's health services.
2. Abandoned Property Fund; transfer of funds. Notwithstanding any other provision of law, the State Controller is authorized to transfer $500,000 in fiscal year 1997-98 and $500,000 in fiscal year 1998-99 from the Abandoned Property Fund to the Children's Health Reserve Account as Other Special Revenue no later than June 30th of each fiscal year. These transfers are to be made after the Abandoned Property Fund transfers to the General Fund, as included in the last accepted revenue estimate for the 1998-1999 biennium, have been made.
3. Department of Human Services; transfer of funds. The Department of Human Services shall seek reimbursement of expenditures under Aid to Families with Dependent Children, Title IV-A of the Social Security Act in the amount of $800,000 in fiscal year 1997-98 to be credited to the Children's Health Reserve Account as Other Special Revenue no later than June 30, 1998.
Sec. C-2. Use of funds. Funds from the account must be used to match available state and federal funds for the purpose of meeting recommendations of the Maine Commission on Children's Health Care as enacted by the Legislature.
Sec. C-3. Additional funds. If the funds in the account are insufficient to meet the requirement of section 2 of this Part, the Governor shall include in the Governor's recommendations to the Joint Standing Committee on Appropriations and Financial Affairs, in the budget submitted in the Second Regular Session of the 118th Legislature, any necessary additional funds to fulfill the recommendations of the Maine Commission on Children's Health Care.
| Revisor of Statutes Homepage | Subject Index | Search | Laws of Maine | Maine Legislature |
