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127th MAINE LEGISLATURE |
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LD 1132 |
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LR 843(02) |
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An Act To Invest in
Maine Companies |
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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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| Maine Business Capital Investment Program created |
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| Fiscal Detail and
Notes |
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Contingent upon the
receipt of at least $250,000,000 in appropriations, allocations or other
funding sources, this bill establishes the Maine Business Capital Investment
Program within the Finance Authority of Maine as a nonlapsing revolving loan
and equity fund to provide loans or bond funding to certain eligible business
projects. The Finance Authority of
Maine had indicated that it will be able to implement and administer the
program within the provisions established in this legislation. |
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