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127th MAINE LEGISLATURE |
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LD 1140 |
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LR 479(01) |
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An Act To Promote
Economic Development |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Volk of Cumberland |
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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 the maximum loan
amount available through its Economic Recovery Program from $1.0 million to
$2.0 million per project. The
increased authority is contingent upon the program's receipt of an
appropriation, allocation or other funding of at least $13.0 million. |
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