128th MAINE LEGISLATURE
LD 1520 LR 742(06)
An Act To Create an Aquaculture License
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Hamper of Oxford
Fiscal Note Required: Yes
             
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund ($5,825) ($5,825) ($5,825) ($5,825)
Revenue
General Fund $5,825 $5,825 $5,825 $5,825
Other Special Revenue Funds $0 $0 $0 $0
Fiscal Detail and Notes
This amendment eliminates the General Fund revenue loss created by the bill by reducing the amount of aquaculture license fees that will be credited to the Aquaculture Management Fund from $133 to $74.75. The remaining $58.25 will be credited to General Fund revenue, which is the same split the General Fund has with the Shellfish Management Fund for commercial shellfish licenses under current statute. As amended the aquaculture licenses will generate $7,475 for the Aquaculture Management Fund and reduce revenue to the Shellfish Management Fund by the same amount.