Chapter 329
H.P. 597 - L.D. 781
PART E
Sec. E-1. Calculation and transfer; Highway Fund savings; retirement administrative costs. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of savings in section 2 that applies against each Highway Fund account for all departments and agencies from reducing funding for the administrative costs of the Maine State Retirement System for state employees and shall transfer the amounts by financial order upon the approval of the Governor. These transfers are considered adjustments to allocations in fiscal years 2007-08 and 2008-09. The State Budget Officer shall provide the Joint Standing Committee on Transportation a report of the transferred amounts no later than November 1, 2007.
Sec. E-2. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Departments and Agencies - Statewide 0016
Initiative: Deallocates funds to reflect a different methodology for funding the administrative costs of the Maine State Retirement System.
| HIGHWAY FUND | 2007-08 | 2008-09 |
|
Personal Services
|
($463,219) | ($464,996) |
 |
|
|
| HIGHWAY FUND TOTAL | ($463,219) | ($464,996) |