125th MAINE LEGISLATURE
		LD 1069		LR 1251(04)
	An Act To Promote Visual and Digital Media Productions, Tourism and Job Creation in the State
	Fiscal Note for Bill as Engrossed with: C "A" (H-517)
	Committee: Labor, Commerce, Research and Economic Development
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Appropriations/Allocations
	Other Special Revenue Funds		$5,000	$0	$0	$0
Fiscal Detail and Notes
	This bill includes a one-time Other Special Revenue Funds allocation of $5,000 in fiscal year 2011-12 to the Office of Tourism within the Department of Economic and Community Development for the start-up costs associated with establishing the Visual and Digital Media Program.  The Office has sufficient funds within its existing budgeted resources to support the one-time cost.
	This legislation allows the Department of Economic and Community Development to contract with the Finance Authority of Maine (FAME) to administer the Visual and Digital Media Loan Fund.  The Authority anticipates that the provisions in this legislation that allow for interest earned on money in the fund and on loans made from the fund to be used to pay for the costs of administering the Fund will be sufficient to cover the costs to the Authority.