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127th MAINE LEGISLATURE |
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LD 297 |
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LR 1423(03) |
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An Act To
Increase Allowed Investments under the Maine New Markets Capital Investment
Program |
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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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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$0 |
$2,090,000 |
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| Revenue |
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General Fund |
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$0 |
$0 |
$0 |
($2,090,000) |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
($110,000) |
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| Fiscal Detail
and Notes |
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The changes made
in this legislation to the Maine New Markets Capital Investment Program would
decrease General Fund revenue by $2,090,000 in fiscal year 2018-19 and Local
Government Fund revenue by $110,000 in fiscal year 2018-19. The remaining revenue reduction of
$95,300,000 would occur over a multi-year period after fiscal year 2018-19. |
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Additional costs
to the Finance Authority of Maine to implement the requirements of this
legislation can be absorbed within existing budgeted resources. |
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