| 122nd MAINE LEGISLATURE | |||||||||
| LD 838 | LR 0791(01) | ||||||||
| An Act To Amend the Uniform Unclaimed Property Act As It Applies to Gift Cards | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Turner of Cumberland | |||||||||
| Committee: Judiciary | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $750,000 | $1,000,000 | $1,025,000 | $1,050,625 | |||||
| Revenue | |||||||||
| General Fund | ($750,000) | ($1,000,000) | ($1,025,000) | ($1,050,625) | |||||
| Fiscal Detail and Notes | |||||||||
| Exempting gift obligations that do not have an expiration date or dormancy charge from the presumption of abandonment will result in a loss of revenue to the General Fund in the amount of $750,000 in fiscal year 2005-06 and $1,000,000 in fiscal year 2006-07. | |||||||||