Sec. G-1. 30-A MRSA §5681, sub-§2, ¶C, as enacted by PL 1999, c. 731, Pt. U, §1, is amended to read:
C. "Annual growth ceiling" for fiscal year 2000-01 means the amount certified by the Treasurer of State by September 1, 2000 as the amount transferred to the Local Government Fund in fiscal year 1999-00 2005-06 means $100,000,000. For subsequent fiscal years, "annual growth ceiling" must be determined by the State Tax Assessor by September 1st annually and means the annual growth ceiling adjusted by the lower of the increase for the previous fiscal year in the Consumer Price Index or the increase in receipts from the taxes imposed under Title 36, Parts 3 and 8. The annual growth ceiling may not be less than the annual growth ceiling for the previous year.
Sec. G-2. Application. This Part applies to fiscal years beginning on or after July 1, 2005.
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