LD 969
pg. 4
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LR 1647
Item 1

 
D. The relationship over the most recent 10-year period
between the actual costs of administering the office and the
amount of revenue collected by the office. That analysis
must include a review of the unexpended balances carried
forward by the office in each fiscal year and the amount and
purposes of any transfers from the office's budget to other
state agencies for overhead or other administrative
purposes.

 
The committee may make recommendations in its report on any issue
in this subsection, including recommendations on amending the
existing creditor and nonbank lender volume fee structure.

 
4. Staffing and meetings. Upon approval of the Legislative
Council, the Office of Policy and Legal Analysis shall provide
staffing services to the committee. The committee is authorized
to meet 3 times to conduct the duties set forth in subsection 1
and to prepare the report referenced in subsection 6.

 
5. Compensation. Members of the committee who are
Legislators are entitled to the legislative per diem, as defined
in the Maine Revised Statutes, Title 3, section 2, and
reimbursement for necessary expenses incurred for their
attendance at authorized meetings of the committee. Other
members of the committee who are not otherwise compensated by
their employers or other entities that they represent are
entitled to receive reimbursement of necessary expenses and, upon
a demonstration of financial hardship, a per diem equal to the
legislative per diem for their attendance at authorized meetings
of the committee.

 
6. Report. The committee shall submit its report to the
Second Regular Session of the 121st Legislature no later than
December 3, 2003. The committee may submit a bill to the
Legislature to implement its recommendations at the time of
submission of its report. If the committee requires a limited
extension of time to complete its report, it may apply to the
Legislative Council, which may grant the extension.

 
7. Funding. All costs of the committee are funded using
unobligated Other Special Revenue funds within the office.

 
Sec. 4. Appropriations and allocations. The following appropriations and
allocations are made.

 
LEGISLATURE

 
Committee to Study the Revenue

 
Sources of the Office of Consumer

 
Credit Regulation

 
Initiative: Provides for the allocation of funds to authorize


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