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131st MAINE LEGISLATURE |
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LD 1107 |
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LR 1084(01) |
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Resolve, to
Establish a Pilot Project to Improve Access to Credit for Low-income
Individuals |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Zager of Portland |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$250,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$250,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes a one-time General Fund appropriation of $250,000 in fiscal year
2023-24 to the Maine State Housing Authority for contracting services and
subscription fees necessary to implement and administer a 2-year pilot
project to collect and report tenant rent payment histories to appropriate
credit reporting agencies with the purpose of improving the credit ratings of
low-income residential tenants. |
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