Resolve, To Encourage Financial Education of Children from Kindergarten to Grade 12
Maine Legislature, Session 123, LD 1564
Committee Amendment CA_A-SA_A_S355 (Senate)

SENATE AMENDMENT "A" to COMMITTEE AMENDMENT "A" to H.P. 
1089, L.D. 1564, "Resolve, To Encourage Financial Education of Children from 
Kindergarten to Grade 12" 
Amend the amendment by striking out all of section 2 (page 1, lines 18 to 27 in 
amendment) and inserting the following: 
'Sec. 2. 
Transfer to the financial literacy program. Resolved: 
That, 
notwithstanding any other provision of law, the State Controller shall transfer $15,000 in 
fiscal year 2007-08 from the Office of Consumer Credit Regulation, Other Special 
Revenue Funds account in the Department of Professional and Financial Regulation to 
the financial literacy program, Other Special Revenue Funds account in the Office of the 
Treasurer of State. The State Controller shall make this transfer at a time determined in 
consultation with the Director of the Office of Consumer Credit Regulation and the 
Treasurer of State; and be it further 
Sec. 3. Appropriations and allocations. 
Resolved: 
That the following 
appropriations and allocations are made. 
TREASURER OF STATE, OFFICE OF THE 
Financial Literacy Program N004 
Initiative: Allocates funds for costs associated with hosting a statewide seminar on 
teaching financial literacy to public school students, including speakers, materials and 
food. 
OTHER SPECIAL REVENUE FUNDS 
All Other 
OTHER SPECIAL REVENUE FUNDS TOTAL 
2007-08 
$15,000 
$15,000 
SENATE AMENDMENT 
2008-09 
$0 
$0 
· ..t; ~). 
\1\. y. 
SENATE AMENDMENT" 
" to COMMITTEE AMENDMENT "A" to H.P. 1089, L.D. 1564 
SUMMARY 
This amendment removes the General Fund appropriation of $15,000 in fiscal year 
2007-08. It also provides a one-time Other Special Revenue Funds allocation to the 
financial literacy program within the Office of the Treasurer of State of $15,000 for fiscal 
year 2007-08 to establish an account and to allow it to receive one-time funds transferred 
from the unobligated balances of the Office of Consumer Credit Regulation. 
This 
allocation will fund the additional costs associated with hosting a statewide seminar on 
teaching financial literacy to public school students, including speakers, materials and 
food. 
FISCAL NOTE REQUIRED 
ed) 
SPONSORED BY: --"-...!s::2!E::S~~~--J,..~[U4.L4)~'--
COUNTY: Androscoggin 
SENATE AMENDMENT 
Approved: 06/19/07 ;tp'ae 
LD 1564 
LR 1876(04) 
Resolve, To Encourage Financial Education of Children from Kindergarten to Grade 12 
Fiscal Note for Senate Amendment" 
" to Committee Amendment" A" 
Sponsor: Sen. Rotundo of Androscoggin 
Net Cost (Savings) 
General Fund 
Appropriations/Allocations 
General Fund 
Other Special Revenue Funds 
Transfers 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
2007-08 
($15,000) 
($15,000) 
$15,000 
$0 
2008-09 
$0 
$0 
$0 
$0 
Projections 
2009-10 
$0 
$0 
$0 
$0 
Projections 
2010-11 
$0 
$0 
$0 
$0 
This amendment removes the General Fund appropriation of$15,000 in fiscal year 2007-08. It also provides a one-
time Other Special Revenue Funds allocation to the Financial Literacy Program within the Office of the Treasurer of 
State of $15,000 for fiscal year 2007-08 to establish an account and to allow it to receive one-time funds transferred 
from the unobligated balances of the Office of Consumer Credit Regulation. This allocation will fund the additional 
costs associated with hosting a statewide seminar on teaching financial literacy to public school students including 
speakers, materials and food. Additional costs to the Maine Community College System and the University of Maine 
System can be absorbed within existing budgeted resources. 
LR1876(04) - Fiscal Note - Page I of I