STATE STATUTES & CODES
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MAINE STATUTES AND CODES
5 §1535. General Fund transfers to stabilization fund
Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 4: FINANCE
Chapter 142: MAINE BUDGET STABILIZATION FUND HEADING: PL 2005, C. 2, PT. A, §5 (NEW)
§1535. General Fund transfers to stabilization fund
Baseline General Fund revenue, as recommended by the Revenue Forecasting Committee and authorized in accordance with chapter 151-B, and other available budgeted General Fund resources that exceed the General Fund appropriation limitation established by section 1534 plus the additional cost for essential programs and services for kindergarten to grade 12 education under Title 20-A, chapter 606-B over the fiscal year 2004-05 appropriation for general purpose aid for local schools until the state share of that cost reaches 55% of the total state and local cost must be transferred to the stabilization fund. [2005, c. 621, §4 (AMD).]
SECTION HISTORY
2005, c. 2, §A14 (AFF). 2005, c. 2, §A5 (NEW). 2005, c. 519, §VV3 (AMD). 2005, c. 621, §4 (AMD).