H.P. 701 - L.D. 968
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5681, sub-§5, as amended by PL 1991, c. 780, Pt. Q, §1, is further amended to read:
5. Treasurer of State. An amount equal to 5.1% of the receipts from the taxes imposed under Title 36, Parts 3 and 8, and credited to the General Fund must be transferred by the Treasurer of State to the Local Government Fund on the first day of each month beginning August 1, 1992.
The amounts credited to the fund under this section must be calculated on the total amount of the receipts from the taxes imposed under Title 36, Parts 3 and 8 and credited to the General Fund without any reduction, including any reduction attributable to, or caused by Title 36, section 1811. This section must be construed to take precedence over any provision that purports to reduce the amounts to be credited to the fund.
Notwithstanding the provisions of Title 5, section 1513 in fiscal year 1999-00, the State Controller shall transfer to the Local Government Fund an additional amount of $1,152,347 from the Maine Rainy Day Fund. This amount must be transferred on or near October 1, 1999 so that it can be included in the amounts to be distributed on October 20, 1999.
The Treasurer of State shall distribute the balance in the Local Government Fund on the 20th day of each month.
Effective September 18, 1999, unless otherwise indicated.
| Revisor of Statutes Homepage | Subject Index | Search | Laws of Maine | Maine Legislature |
