LD 692 LR 1916(01)
An Act Regarding Educator Effectiveness
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Edgecomb of Aroostook
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium revenue decrease - Federal Expenditures Fund
Fiscal Detail and Notes
This legislation authorizes the Department of Education to make statutory and regulatory changes in order to comply with the Elementary and Secondary Education Act (ESEA) of 1965.  Being out of compliance with ESEA may result in the loss of  approximately $72.1 million in Title 1 and other federal funds per year.  
Additional costs to the Department of Education associated with the rulemaking process can be absorbed within existing budgeted resources.