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125th MAINE LEGISLATURE |
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LD 1885 |
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LR 2792(05) |
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An Act To Amend
the Laws Pertaining to the Maine Economic Improvement Fund |
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Fiscal Note for
House Amendment " " |
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Sponsor: Rep. Cotta of China |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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Reduction in Grant Funding - University of Maine System
Increase in Grant Funding - Maine Maritime Academy |
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| Fiscal Detail
and Notes |
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Requiring that a
percentage of the annual General Fund appropriation that the University of
Maine System receives for the Maine Economic Improvement Fund be directed to
the Maine Maritime Academy will reduce the amount of overall grant funds that
the System will be able to leverage for research and development. |
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Increasing the
percentage that the University of Maine System must reallocate from a minimum
of 3% to a minimun of 10% of the annual General Fund appropriation it
receives 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, as well as to Maine Maritime Academy, may
further 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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