allocations

F. Twenty percent to the Tax Relief Fund for Maine Residents established in section
1518-A.
2. Additional transfer. At the close of each fiscal year, the State Controller shall transfer from
the unappropriated surplus of the General Fund, to the stabilization fund an amount equal to the
balance remaining of the excess of total General Fund revenue received over accepted estimates
in that fiscal year that would have been transferred to the Reserve for General Fund Operating
Capital pursuant to subsection 1 had the Reserve for General Fund Operating Capital not been at
its statutory limit of $50,000,000.
PART M
SUMMARY
1. Section 1 changes the language in the Retiree Health Insurance Internal Service Fund to
coincide with the changes in sections 2 and 4.
2. Section 2 establishes the General Fund Reserve and Fixed Transfer Fund under the authority
of the State Controller. It also provides for the transfer of funds from the General Fund
Reserve and Fixed Transfer Fund, beginning July 1, 2017, as follows: a transfer to the Loan
Insurance Reserve of $1,000,000; a transfer of $2,500,000 to the Reserve for General Fund
Operating Capital; a transfer to the Retiree Health Insurance Internal Service Fund in the
revised amount of $2,500,000; a new fixed transfer of $1,000,000 to the Capital Construction
and Improvements Reserve Fund; and in addition to the transfer in Title 5, section 1536, a
new fixed transfer of $2,500,000 to the Maine Budget Stabilization Fund.
3. Section 3 places a definition for the reserve fund, Reserve for General Fund Operating
Capital in Title 5, section 1532, as the only current reference to the Reserve for General Fund
Operating Capital in Title 5, section 1536, will be removed with the changes in the
distribution of available balances in the unappropriated surplus of the General Fund in
Section 4.
4. Section 4 changes the distribution of available balances in the unappropriated surplus of the
General Fund.
PART N
Sec N-1. 5 MRSA §1710, as enacted by PL 1995, c. 368, Pt. J, §1, is amended to read:
The Consensus Economic Forecasting Commission established by Title 5, section 12004-
I, subsection 29-B, to provide the Governor, the Legislature and the Revenue Forecasting
Committee with analyses, findings and recommendations representing state economic
assumptions relevant to revenue forecasting, and referred to in this chapter as the "commission,"
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