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127th MAINE LEGISLATURE |
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LD 47 |
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LR 188(01) |
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Resolve,
Directing the Department of Transportation To Remove One of the Proposed
Routes from Consideration for the Interstate 395 and Route 9 Connector |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Verow of Brewer |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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Potential current biennium revenue decrease - Federal
Expenditure Funds |
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Fiscal Detail
and Notes |
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If this bill is
enacted, the Department of Transportation (DOT) may be required to reimburse
the federal government for the $2,205,277 in federal funds spent on the
project. This repayment would be accomplished by reducing monthly
reimbursements from the federal government for other authorized projects. DOT
may then be able to re-obligate this funding to another federally approved
project as long as the re-obligation occurs within the same federal fiscal
year. The result would be an extended period of time for the $2.2 million to
be reimbursed to the Highway Fund. |
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