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131st MAINE LEGISLATURE |
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LD 1552 |
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LR 171(06) |
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An Act to Create
the Lobster Innovation Fund |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-161)
S "A" (S-483) to C "A" (S-161) |
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Committee: Marine Resources |
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| Fiscal Note |
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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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$0 |
$50,000 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$50,000 |
$0 |
$0 |
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Other Special Revenue Funds |
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$500 |
$500 |
$500 |
$500 |
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| Fiscal Detail
and Notes |
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This bill
establishes the Lobster Innovation Fund (the fund) within the Department of
Marine Resources to provide stipends to holders of Class I, Class II, or
Class III commercial lobster fishing licenses to participate in the testing
of new lobster fishing technologies. The bill includes a one-time General
Fund appropriation of $50,000 in fiscal year 2024-25 for stipends to
qualifying licensees. The bill also provides a baseline allocation to the
fund of $500 starting in fiscal year 2023-24 to allow for the expenditure of
funds if outside funds are received. |
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