LD 1140 LR 479(02)
An Act To Promote Economic Development
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
Fiscal Note
Contingent increased loan liability - Finance Authority of Maine
Fiscal Detail and Notes
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.