CHAPTER 109
S.P. 216 - L.D. 680
An Act To Provide for the Efficient Administration of Scholarship Resources
Emergency preamble. Whereas, acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, the ability of students of this State to attend institutions of higher education may be adversely affected if financial assistance is not available at the beginning of the academic year; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 8 MRSA §1036, sub-§2, ¶F, as enacted by PL 2003, c. 687, Pt. A, §5 and affected by Pt. D, §11, is amended to read:
F. Two percent of the total gross slot machine income must be forwarded by the board to the University of Maine System Scholarship Fund created in Title 20-A, section 11631 10909;
Sec. 2. 20-A MRSA §10909 is enacted to read:
§10909. University of Maine System Scholarship Fund
The University of Maine System Scholarship Fund is created and established as a nonlapsing fund under the jurisdiction and control of the Board of Trustees of the University of Maine System. All revenues credited to this fund must be distributed as need-based scholarships for students attending the University of Maine System. These scholarships may be awarded only to those students who are residents of the State. The fund may not be used for the costs of administering the scholarships. Fees credited from the University of Maine System registration plate pursuant to Title 29-A, section 456 may not be distributed as scholarships to students attending the University of Maine.
Sec. 3. 20-A MRSA c. 419-B, as amended, is repealed.
Sec. 4. 29-A MRSA §456, sub-§2, ¶A, as amended by PL 1995, c. 645, Pt. A, §2 and affected by §18, is further amended to read:
A. Fourteen dollars to the University of Maine System Scholarship Fund established in Title 20-A, section 11631 10909; and
Sec. 5. 29-A MRSA §456, sub-§5, ¶A, as enacted by PL 1995, c. 645, Pt. A, §2 and affected by §18, is amended to read:
A. Fourteen dollars to the University of Maine System Scholarship Fund established in Title 20-A, section 11631 10909; and
Sec. 6. Transfer of funds. All funds remaining in the University of Maine System Scholarship Fund held by the Finance Authority of Maine must be transferred to the Board of Trustees of the University of Maine System to be deposited on July 1, 2005 in the University of Maine System Scholarship Fund created in the Maine Revised Statutes, Title 20-A, section 10909.
Sec. 7. Appropriations and allocations. The following appropriations and allocations are made.
UNIVERSITY OF MAINE SYSTEM,
BOARD OF TRUSTEES OF THE
University of Maine Scholarship Fund (NEW)
Initiative: Allocates funds due to the transfer of the University of Maine System Scholarship Fund and the administration of the scholarship program from the Finance Authority of Maine to the University of Maine System.
OTHER SPECIAL REVENUE
FUNDS 2005-06 2006-07
All Other $137,015 $2,119,144
____________ ____________
OTHER SPECIAL REVENUE
FUNDS TOTAL $137,015 $2,119,144
UNIVERSITY OF MAINE SYSTEM,
BOARD OF TRUSTEES OF THE
DEPARTMENT TOTALS 2005-06 2006-07
OTHER SPECIAL REVENUE
FUNDS $137,015 $2,119,144
____________ ____________
DEPARTMENT TOTAL -
ALL FUNDS $137,015 $2,119,144
FINANCE AUTHORITY OF MAINE
Student Financial Assistance Programs 0653
Initiative: Deallocates funds due to the transfer of the University of Maine System Scholarship Fund and the administration of the scholarship program from the Finance Authority of Maine to the University of Maine System.
OTHER SPECIAL REVENUE
FUNDS 2005-06 2006-07
All Other ($137,015) ($2,119,144)
____________ ____________
OTHER SPECIAL REVENUE
FUNDS TOTAL ($137,015) ($2,119,144)
FINANCE AUTHORITY OF MAINE
DEPARTMENT TOTALS 2005-06 2006-07
OTHER SPECIAL REVENUE
FUNDS ($137,015) ($2,119,144)
____________ ____________
DEPARTMENT TOTAL -
ALL FUNDS ($137,015) ($2,119,144)
SECTION TOTALS 2005-06 2006-07
OTHER SPECIAL REVENUE
FUNDS $0 $0
____________ ____________
SECTION TOTAL - ALL FUNDS $0 $0
Emergency clause. In view of the emergency cited in the preamble, this Act takes effect when approved.
Effective May 13, 2005.
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