| 123rd MAINE LEGISLATURE | ||||||
| LD 1564 | LR 1876(04) | |||||
| Resolve, To Encourage Financial Education of Children from Kindergarten to Grade 12 | ||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment "A" | ||||||
| Sponsor: Sen. Rotundo of Androscoggin | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | ($15,000) | $0 | $0 | $0 | ||
| Appropriations/Allocations | ||||||
| General Fund | ($15,000) | $0 | $0 | $0 | ||
| Other Special Revenue Funds | $15,000 | $0 | $0 | $0 | ||
| Transfers | ||||||
| Other Special Revenue Funds | $0 | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| This amendment removes the General Fund appropriation of $15,000 in fiscal year 2007-08. It also provides a one-time Other Special Revenue Funds allocation to the Financial Literacy Program within the Office of the Treasurer of State of $15,000 for fiscal year 2007-08 to establish an account and to allow it to receive one-time funds transferred from the unobligated balances of the Office of Consumer Credit Regulation. This allocation will fund the additional costs associated with hosting a statewide seminar on teaching financial literacy to public school students including speakers, materials and food. Additional costs to the Maine Community College System and the University of Maine System can be absorbed within existing budgeted resources. | ||||||