125th MAINE LEGISLATURE
LD 1836 LR 2704(02)
An Act To Facilitate Rapid Response by Out-of-state Businesses to State Disasters
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
             
Fiscal Note
Minor cost increase - General Fund
Minor revenue decrease - General Fund
Minor cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
Additional costs to the Departments of Economic and Community Development, Professional and Financial Regulation, Defense, Veterans and Emergency Management and Secretary of State associated with rulemaking can be absorbed within each department's existing budgeted resources.  Additional costs to the Department of Secretary of State associated with collecting and posting information from out-of-state businesses can also be absorbed within existing budgeted resources.
Any reduction in General Fund revenue associated with business licenses and registrations is expected to be minor, not requiring any change to the budget.