124th MAINE LEGISLATURE
		LD 808		LR 1124(01)
	An Act To Capitalize the Municipal Investment Trust Fund with Municipal Revenue-sharing Resources
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Craven of Androscoggin
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$2,208,854	$2,301,330	$2,409,135	$2,503,563
Appropriations/Allocations
	Other Special Revenue Funds		($500,000)	($500,000)	($500,000)	($500,000)
Revenue
	General Fund		($2,208,854)	($2,301,330)	($2,409,135)	($2,503,563)
	Other Special Revenue Funds		($500,000)	($500,000)	($500,000)	($500,000)
Fiscal Detail and Notes
	This bill abolishes the Fund for the Efficient Delivery of Local and Regional Services, resulting in a General Fund revenue loss of $2,208,854 in fiscal year 2009-10 and $2,301,330 in fiscal year 2010-11. This bill will require an Other Special Revenue Funds deallocation of $500,000 annually from the Fund for the Efficient Delivery of Local and Regional Services.  Further, the bill directs money that would have been deposited into this fund to be deposited in the Municipal Investment Trust Fund resulting in an increase of $2,508,854 in Fiscal Year 2009-10 and $2,801,330 in fiscal year 2010-11.   This estimate assumes a July 1, 2009 effective date rather than October 1, 2009 in order to reflect annual amounts.  The Governor's proposed budget for the 2010-2011 biennium, LD 353, includes changes to the Fund for the Efficient Delivery of Local and Regional Services that will effect this estimate.