Sec. B-1. Nonlapsing funds. Any unencumbered balance of funds remaining in the Department of Transportation, Administration and Planning program, Highway Fund account on June 30, 2001, after assuming all costs for that program, including collective bargaining costs, may not lapse. These funds may be transferred to the Building Renovations Account established in the Maine Revised Statutes, Title 23, section 1655 within the Department of Transportation to support building renovation initiatives within the Department of Transportation. Within 30 days of acceptance of the financial order, the Commissioner of Transportation shall provide to the members of the Joint Standing Committee on Transportation a report detailing the financial adjustments to affected Highway Fund program accounts and detailing the status of the Building Renovations Account.
Sec. B-2. Transfer to the Department of Transportation. Notwithstanding the Maine Revised Statutes, Title 5, section 1585 or any other provision of law, at the close of fiscal year 2000-01, the State Controller shall transfer an amount not to exceed $3,000,000 from the unallocated balance in the Highway Fund that is in excess of $17,715,924 after the deduction of all allocations, financial commitments, other designated funds or any other transfer authorized by statute, to the Highway and Bridge Improvement program, Highway Fund account, in the Department of Transportation. The Commissioner of Transportation is authorized to allot these funds, by financial order, upon the recommendation of the State Budget Officer and the approval of the Governor. Within 30 days of acceptance of the financial order, the Commissioner of Transportation shall provide to the members of the Joint Standing Committee on Transportation a report detailing the financial status of the Highway and Bridge Improvement program.
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