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125th MAINE LEGISLATURE |
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LD 401 |
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LR 1331(01) |
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An Act To Enhance
Penalties To Protect Senior Investors |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Katz of Kennebec |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
Net Cost
(Savings) |
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General Fund |
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($20,000) |
($20,000) |
($20,000) |
($20,000) |
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Revenue |
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General Fund |
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$20,000 |
$20,000 |
$20,000 |
$20,000 |
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Correctional and
Judicial Impact Statements |
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The collection of
additional fines may also increase General Fund revenue by minor amounts. |
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Fiscal Detail
and Notes |
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Assumes an
increase in General Fund fine revenue of $20,000 per year as a result of
enhancing the penalties for violations of the Maine Uniform Security Act that
affect citizens 65 years of age or older. |
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