An Act Related to the Report of the Tax Expenditure Review Task Force
Maine Legislature, Session 126, LD 1762

Legislative Document 
No. 1762 
H.P. 1264 
House of Representatives, February 6, 2014 
An Act Related to the Report of the Tax Expenditure Review Task 
Force 
Reported by the Majority from the Joint Standing Committee on Appropriations and 
Financial Affairs pursuant to Public Law 2013, chapter 368, Part S, section 7. 
MILLICENT M. MacFARLAND 
Clerk 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1.  PL 2013, c. 368, Pt. S, §8 is repealed. 
Sec. 2.  PL 2013, c. 368, Pt. S, §9 is amended to read: 
Sec. S-9.  Fiscal year 2013-14 year-end unappropriated surplus, 4th 
priority transfer.  The State Controller shall at the close of the fiscal year ending June 
30, 2014, as the next priority after the transfers authorized pursuant to the Maine Revised 
Statutes, Title 5, sections 1507, 1511 and 1522 and after all required deductions of 
appropriations, budgeted financial commitments and adjustments considered necessary 
by the State Controller have been made, transfer from the available balance of the 
unappropriated surplus of the General Fund up to $40,000,000 $21,000,000 to the Local 
Government Fund by offsetting the amount of the reduction in that fund on a monthly 
basis pursuant to the Maine Revised Statutes, Title 30-A, section 5681, subsection 5-C 
Maine Budget Stabilization Fund established in the Maine Revised Statutes, Title 5, 
section 1532. 
Sec. 3.  State Controller; post-closing.  The State Controller is authorized to 
keep open the official system of general accounts of State Government for fiscal year 
2013-14 in order to make post-closing entries and adjustments to carry out the provisions 
of this Act. 
Sec. 4.  Transfer from tax relief fund.  The State Controller shall transfer 
$4,000,000 from the Tax Relief Fund for Maine Residents established in the Maine 
Revised Statutes, Title 5, section 1518-A to the unappropriated surplus of the General 
Fund no later June 30, 2015. 
Sec. 5.  Transfer from budget stabilization fund.  The State Controller shall 
transfer $21,000,000 from the Maine Budget Stabilization Fund established in the Maine 
Revised Statutes, Title 5, section 1532 to the unappropriated surplus of the General Fund 
no later than June 30, 2015. 
SUMMARY 
This bill repeals the provision in Part S of the biennial budget bill, Public Law 2013, 
chapter 368, that reduced the transfers to so-called municipal revenue sharing by 
$40,000,000 in fiscal year 2014-15 if legislation is not enacted by July 1, 2014 pursuant 
to Part S that generates an increase of $40,000,000 in budgeted General Fund revenue. 
This bill replaces the fiscal year 2013-14 year-end transfer from the General Fund 
unappropriated surplus to the Local Government Fund of up to $40,000,000 with a 
transfer to the Maine Budget Stabilization Fund of up to $21,000,000.  The State 
Controller is authorized to make post-closing entries and adjustments to effect this 
change. 
It also transfers $4,000,000 from the Tax Relief Fund for Maine Residents and 
$21,000,000 from the Maine Budget Stabilization Fund to the unappropriated surplus of 
the General Fund by the end of fiscal year 2014-15. 
Approved: 02/04/14
LD 1762     
LR 2721(01)
FY 2013-14
FY 2014-15
Projections 
FY 2015-16
Projections 
FY 2016-17
Net Cost (Savings)
General Fund
$0
$15,000,000
$0
$0
Revenue
General Fund
$0
($40,000,000)
$0
$0
Other Special Revenue Funds
$0
$40,000,000
$0
$0
Transfers
General Fund
$0
$25,000,000
$0
$0
Fund Detail by Section
Revenue
General Fund
Section 1
$0
($40,000,000)
$0
$0
Other Special Revenue Funds
Section 1
$0
$40,000,000
$0
$0
Transfers
General Fund
Section 4
$0
$4,000,000
$0
$0
Section 5
$0
$21,000,000
$0
$0
Fiscal Detail and Notes
It also changes the distribution of the General Fund unappropriated surplus at the close of fiscal year 2013-14, also 
known as the "Cascade," to replace the fourth priority transfer of up to $40,000,000 to municipal revenue sharing with 
a transfer of up to $21,000,000 to the Maine Budget Stabilization Fund.
This bill has a net General Fund cost of $15,000,000 in fiscal year 2014-15.  The General Fund cost of the elimination 
of the $40,000,000 contingent reduction to municipal revenue sharing is partially offset by transfers from the Maine 
Residents Tax Relief Fund and the Maine Budget Stabilization Fund. 
Fiscal Note Required: Yes
Fiscal Note
An Act Related to the Report of the Tax Expenditure Review Task Force
Fiscal Note for Original Bill
Committee: Appropriations and Financial Affairs
LR2721(01) - Fiscal Note - Page 1 of 1