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122nd MAINE LEGISLATURE |
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LD 1478 |
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LR 1155(01) |
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An Act
To Clarify Rights of Retainage in Public Improvement Construction Contracts |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Mills of Somerset |
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Committee: State and Local Government |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2005-06 |
2006-07 |
2007-08 |
2008-09 |
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Net Cost
(Savings) |
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General Fund |
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$48,275 |
$37,700 |
$38,831 |
$39,996 |
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Appropriations/Allocations |
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General Fund |
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$48,275 |
$37,700 |
$38,831 |
$39,996 |
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Fiscal Detail
and Notes |
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This
legislation will require a General Fund appropriation to the Treasurer of
State in the amount of $48,275 in fiscal year 2005-06 and $37,700 in fiscal
year 2006-07. This appropriation will
provide funds for an additional staff position and required software to
assist in managing retainage as prescribed by the bill. |
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