Maine § 5 §1534 General Fund appropriation limitation

Maine Statutes

§ 5 §1534 — General Fund appropriation limitation

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 4 FINANCE·Ch. 142 MAINE BUDGET STABILIZATION FUND

1.Establishment of General Fund appropriation limitation. As of December 1st of each even-numbered year, the State Budget Officer shall establish a General Fund appropriation limitation for each fiscal year of the ensuing biennium. The General Fund appropriation limitation applies to all General Fund appropriations and must be calculated as follows.

2.Growth limitation factor. The growth limitation factor is the average personal income growth.

3.Exceeding General Fund appropriation limitation; extraordinary circumstances. The General Fund appropriation limitation established in subsection 1 may be exceeded for extraordinary circumstances only under the following circumstances.

4.Increase in appropriation limitation. The appropriation limitation established in subsection 1 may be increa

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1.
Establishment of General Fund appropriation limitation.
As of December 1st of each even-numbered year, the State Budget Officer shall establish a General Fund appropriation limitation for each fiscal year of the ensuing biennium. The General Fund appropriation limitation applies to all General Fund appropriations and must be calculated as follows.
2.
Growth limitation factor.
The growth limitation factor is the average personal income growth.
3.
Exceeding General Fund appropriation limitation; extraordinary circumstances.
The General Fund appropriation limitation established in subsection 1 may be exceeded for extraordinary circumstances only under the following circumstances.
4.
Increase in appropriation limitation.
The appropriation limitation established in subsection 1 may be increased for other purposes only by a vote of both Houses of the Legislature in a separate measure that identifies the intent of the Legislature to exceed the appropriation limitation.

Maine § 5 §1534 (General Fund appropriation limitation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 2005, c. 2, §A5 (NEW). PL 2005, c. 2, §A14 (AFF). PL 2005, c. 621, §3 (AMD). PL 2005, c. 636, §A4 (AMD). PL 2005, c. 683, §M1 (AMD). PL 2015, c. 267, Pt. L, §7 (AMD). PL 2023, c. 412, Pt. I, §6 (AMD).