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124th MAINE LEGISLATURE |
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LD 808 |
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LR 1124(02) |
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An Act To
Capitalize the Municipal Investment Trust Fund with Municipal Revenue-sharing
Resources |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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2009-10 |
2010-11 |
Projections 2011-12 |
Projections 2012-13 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$500,000 |
$2,409,135 |
$2,503,563 |
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Appropriations/Allocations |
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Other Special Revenue Funds |
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($500,000) |
($500,000) |
($500,000) |
($500,000) |
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Revenue |
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General Fund |
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$0 |
($500,000) |
($2,409,135) |
($2,503,563) |
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Other Special Revenue Funds |
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($500,000) |
($500,000) |
($500,000) |
($500,000) |
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Fiscal Detail
and Notes |
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This bill
includes an Other Special Revenue Funds deallocation of $500,000 annually
from the Fund for the Efficient Delivery of Local and Regional Services. The bill also directs money that would have
been deposited into this fund to be deposited in the Municipal Investment
Trust Fund resulting in an increase of $500,000 in fiscal year 2009-10 and
$1,000,000 in fiscal year 2010-11. 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 affect this estimate. |
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