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127th MAINE LEGISLATURE |
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LD 672 |
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LR 478(01) |
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An Act To Improve
Access to Capital |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Herbig of Belfast |
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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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| Contingent increased loan liability - Finance Authority of Maine |
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| Fiscal Detail
and Notes |
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This legislation
allows the Finance Authority of Maine (FAME) to increase its maximum loan
insurance amount through its Commercial Loan Insurance Program from $7.0
million to $10.0 million per entity.
The increased authority is contingent upon FAME's receipt of an
appropriation, allocation or other funding of at least $37.0 million. |
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