MaineMaine sends $625,000 in settlement funds to retirement savings program
The law directs Maine’s State Controller to move $625,000 from Attorney General settlement funds into the retirement program by June 30, 2027.
What it does
The State Controller transfers $625,000 from Attorney General settlement funds to the Maine Retirement Savings Program. The program must use the money under state law.
Argument forThe transfer could give the retirement program $625,000 to use for purposes allowed under state law.
Argument againstMoving settlement money to the retirement program could leave less in the Attorney General’s account for other uses.
More detail
The State Controller transfers $625,000 to the Maine Retirement Savings Program Enterprise Fund. The transfer is from the Attorney General’s Administration account for other special revenue and goes to the program’s enterprise fund. The money comes from settlement agreements and must be used under Maine law governing the program. The transfer must be made by June 30, 2027.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 16Signed by Governor Janet MillsLatest
- Apr 13PASSED TO BE ENACTED, in concurrence.Major
- Apr 13Sent for concurrence. ORDERED SENT FORTHWITH.
- Apr 13PASSED TO BE ENACTED.Passed 2nd Chamber
- Apr 13ORDERED SENT FORTHWITH.
- Apr 13The House RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED as Amended by Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto.Minor
- Apr 13Sent down for concurrence.
- Apr 13PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto in NON-CONCURRENCE.Minor
- Apr 13Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto ADOPTED.Minor
- Apr 13On further motion by Same Senator Senate Amendment "A" (S-667) to Committee Amendment "A" (S-305) READ and ADOPTED.
- Apr 13On further motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby Committee Amendment "A" (S-305) was ADOPTED.Minor
- Apr 13On motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby the Bill was PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-305) in concurrence.Minor
- Apr 13On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table
- 2025
- Jun 25CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
- Jun 11On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT - Emergency -2/3 Elected Required
- Jun 10Sent for concurrence. ORDERED SENT FORTHWITH.
- Jun 10PASSED TO BE ENACTED.Became Law
- Jun 10This being an emergency measure, a two-thirds vote of all the members elected to the House was necessary.
- Jun 9In concurrence. ORDERED SENT FORTHWITH.
- Jun 9The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-305).Minor
- Jun 9Under suspension of the rules CONSENT CALENDAR - SECOND DAY.
- Jun 9CONSENT CALENDAR - FIRST DAY
- Jun 9Ordered sent down forthwith for concurrence.
- Jun 9Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-305).Minor
- Jun 9Committee Amendment "A" (S-305) READ and ADOPTED.Minor
- Jun 9READ ONCE.Minor
- Jun 9Report READ and ACCEPTED.
- Jun 6Reported Out - OTP-AM
- May 1Voted - OTP-AM
- May 1Work Session Held
- Mar 21CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.
- Jan 30Received by the Secretary of the Senate on January 30, 2025 and REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2Introduced
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