123rd MAINE LEGISLATURE
LD 898 LR 1719(02)
An Act To Increase Educational Opportunities in the Kennebec Valley Region
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $700,000 $900,000 $900,000 $900,000
Appropriations/Allocations
General Fund $700,000 $900,000 $900,000 $900,000
Fiscal Detail and Notes
This bill includes ongoing General Fund appropriations of $700,000 in fiscal year 2007-08 and $900,000 per year beginning in fiscal year 2008-09 to the University of Maine System to accelerate the transition of the University of Maine at Augusta from an institution focused on two-year degrees to an institution focused on granting four-year baccalaureate degrees.