An Act To Place O Funds for the Retired County and Municipal Law Enforcement Officers and Municipal Firefighters Health Insurance Program into a Trust
Maine Legislature, Session 129, LD 1664
Committee Amendment CA_A_S188 (Senate)
Amends: 5 MRSA §286-M

FffiST REGULAR SESSION 
COMMITTEE AMENDMENT" A" to S.P. 541, L.D. 1664, Bill, "An Act To Place 
O 
Funds for the Retired County and Municipal Law Enforcement Officers and Municipal 
Firefighters Health Insurance Program into a Trust" 
Amend the bill by striking out everything after the enacting clause and inserting the 
following: 
'Sec. 1. 5 MRSA §286-M, sub-§7, as enacted by PL 2005, c. 636, Pt. A, §3, is 
amended to read: 
7. 
Fund established. 
The Firefighters and Law Enforcement Officers Health 
Insurance Program Fund is established as a nonlapsing, dedicated account administered 
by the division. Money appropriated by law for the purpose of paying premium subsidies 
must be deposited in the fund. 
Premium dividends accruing to the State, return of 
premiums resulting from risk reduction programs, active employee contributions pursuant 
to subsection 8 and any other receipts must be deposited into the fund to be used for the 
purposes of the program. 
All monies not necessary to fund the normal costs and 
administrative costs of the program must be transferred to the trust fund established in 
subsection 7-A at the end of each fiscal year. The fund is a pooled account. Individual 
law enforcement officers and firefighters do not have a right to money deposited in the 
fund except to the extent premium subsidies are available to program enrollees. 
Sec. 2. 5 MRSA §286-M, sub-§7-A is enacted to read: 
7-A. 
Trust fund. 
A separate trust fund is established for the purpose of 
accumulating resources to assist in retiring the unfunded liability of the program. All 
monies transferred pursuant to subsection 7 at the end of each fiscal year must be 
deposited in the trust fund. The Treasurer of State shall invest the monies in the trust 
fund in accordance with section 138.' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A" to S.P. 541, L.D. 1664 
SUMMARY 
This amendment replaces the bill. The amendment provides that funds held in 
connection with the Retired County and Municipal Law Enforcement Officers and 
Municipal Firefighters Health Insurance Program that are not necessary to support the 
normal costs and administrative costs of the program are held in a trust fund. It directs the 
Treasurer of State to invest the funds in the trust fund in accordance with the state-held 
trust investment policy of the Treasurer of State. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 05/29/19 feac 
LD 1664 
LR 1442(02) 
An Act To Place Funds for the Retired County and Municipal Law Enforcement Officers and 
Municipal Firefighters Health Insurance Program into a Trust 
Fiscal Detail and Notes 
Fiscal Note for Bill as Amended by Committee Amendment 1'/J..
( S- J ~) 
Committee: Labor and Housing 
Fiscal Note Required: Yes 
Fiscal Note 
Transfer from Cash Pool to Trust Account 
A portion of funds held in the Treasurer's cash pool on behalf of the Firefighters and Law Enforcement Officers 
Health Insurance Program Fund not needed for current expenditures will be moved to a trust account. The funds will 
be invested in accordance with the Maine Revised Statutes Annotated, Title 5, §138, which provides authorization and 
limitations for investing trust funds. It is anticipated that, over time, the investment performance may exceed that of 
the Treasurer's cash pool. 
LR1442(02) - Fiscal Note - Page 1 of 1