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127th MAINE LEGISLATURE |
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LD 586 |
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LR 452(01) |
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An Act To Amend
the Maine Economic Development Venture Capital Revolving Investment Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Cushing of Penobscot |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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No net fiscal impact |
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Fiscal Detail
and Notes |
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Authorizing the
Finance Authority of Maine (FAME) to transfer uncommitted funds from the
Maine Economic Development Venture Capital Revolving Investment Program Fund
to the Economic Recovery Program Fund, both administered by FAME, will have
no net fiscal impact on the State or FAME.
The current uncommitted balance in the Maine Economic Development
Venture Capital Revolving Investment Program Fund is approximately $1.6
million. |
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