125th MAINE LEGISLATURE
		LD 1653		LR 2520(03)
	An Act To Make Fisheries and Wildlife and Marine Resources Projects Eligible for Tax Increment Financing
	Fiscal Note for Bill as Engrossed with: C "A" (S-453)
	Committee: Taxation
Fiscal Note
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Net Cost (Savings)
	General Fund		$0	$7,000	$0	$0
Appropriations/Allocations
	General Fund		$0	$7,000	$0	$0
Fiscal Detail and Notes
	The bill includes a one-time General Fund appropriation of $7,000 to the Department of Inland Fisheries and Wildlife in fiscal year 2012-13 for rulemaking costs associated with establishing standards and a process for approval of fisheries and wildlife projects eligible for tax increment financing.  This analysis assumes the department would need to hold 3-4 public hearings and incur costs related to meeting room rental and advertising.
	Additional costs to the Department of Economic and Community Development associated with conducting the required review and with rulemaking can be absorbed within existing budgeted resources.