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125th MAINE LEGISLATURE |
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LD 1885 |
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LR 2792(03) |
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An Act To Amend
the Laws Pertaining to the Maine Economic Improvement Fund |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Potential Impact on Grant Funding - University of Maine System |
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| Fiscal Detail
and Notes |
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Requiring the
University of Maine System to reallocate a minimum of 3% of the annual
General Fund appropriation it receives beginning in fiscal year 2013-14 for
research and development (R&D) from existing programs at the University
of Maine and the University of Southern Maine to support R&D efforts at
its other campuses may impact the amount of grant funds that it is able to
leverage. The University of Maine
System reports a leverage rate of 4.5 to 1 for its existing programs. The total impact will depend on the actual
leverage rate achieved at the other University of Maine campuses for the
R&D funding. |
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