125th MAINE LEGISLATURE
LD 61 LR 238(01)
An Act Implementing a Fisheries Permit Banking Program
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Rector of Knox
Committee: Marine Resources
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Appropriations/Allocations
Other Special Revenue Funds $15,825 $89,245 $91,922 $94,680
Revenue
Other Special Revenue Funds $15,825 $89,245 $91,922 $94,680
Fiscal Detail and Notes
The Department of Marine Resources will require an Other Special Revenue Funds allocation of $15,825 in fiscal year 2011-12 and $89,245 in fiscal year 2012-13 for one Resource Management Coordinator position and related All Other to administer a permit banking program for the groundfish industry.  This allocation would make permanent a limited-period position funded by Federal Expenditures Funds and continue the program beyond the federal grant ending date of April 2012.  The Department of Marine Resources expects to receive $15,825 in Other Special Revenue Funds revenue in fiscal year 2011-12 and $89,245 in fiscal year 2012-13 from leasing fisheries allocations.