| 123rd MAINE LEGISLATURE | ||||||
| LD 1106 | LR 1578(01) | |||||
| An Act To Recapitalize the Municipal Investment Trust Fund | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Hobbins of York | ||||||
| Committee: Business, Research and Economic Development | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $5,000,000 | $0 | $0 | $0 | ||
| Transfers | ||||||
| General Fund | ($5,000,000) | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| This legislation requires the State Controller to transfer $5,000,000 in fiscal year 2007-08 from the General Fund to the Maine Municipal Bond Bank to capitalize the Municipal Investment Trust Fund. | ||||||