125th MAINE LEGISLATURE
		LD 597		LR 1159(02)
	An Act To Provide Funding for the State Transit, Aviation and Rail Transportation Fund
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$3,130,000	$3,160,000	$3,190,000
Transfers
	General Fund		$0	($3,130,000)	($3,160,000)	($3,190,000)
	Other Special Revenue Funds		$0	$3,000,000	$3,000,000	$3,000,000
	State Transit, Aviation and Rail Transportation Fund		$0	$130,000	$160,000	$190,000
Fiscal Detail and Notes
	This legislation proposes to increase from 50% to 100% the transfer to the State Transit, Aviation and Rail Transportation Fund of revenue from the 10% sales and use tax on automobile rentals for one year or less as of July 1, 2012. This proposal will reduce revenue to the General Fund by $3,130,000 in fiscal year 2012-13 and will  increase revenue to the Department of Transportation, State Transit, Aviation and Rail Transportation Fund by the same amount.  The legislation also proposes to transfer up to $3,000,000 annually from the State Transit, Aviation and Rail Transportation Fund to the Urban-Rural Initiative Program within the Department of Transportation.