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127th MAINE LEGISLATURE |
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LD 1277 |
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LR 1310(01) |
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An Act To
Establish a Magnet School for Marine Science, Technology, Transportation and
Engineering |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Gillway of Searsport |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Future biennium cost increase - General Fund |
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| Fiscal Detail
and Notes |
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This legislation
establishes the Maine School for Marine Science, Technology, Transportation
and Engineering as a public, residential school to be located in the Town of
Searsport effective with the 2017-2018 school year. The provisions in this bill that allow
students from the State to attend the school free of tuition charges and for
the State to pay the difference between the cost of room and board and the
student's ability to pay that cost will increase General Fund costs to the
State beginning in fiscal year 2017-18.
The amount can not be determined at this time and will depend on the
cost of tuition, the number of Maine students admitted to the school and the
student's ability to pay for room and board. |
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This legislation
also authorizes the Board of Trustees of the Maine School for Marine Science,
Technology, Transportation and Engineering to borrow funds, issue bonds and
negotiate notes and other evidences of indebtedness or obligations of the
school for renovation and construction purposes but provides that the bonds,
notes and other evidences of indebtedness are not debts of the State and do
not pledge the credit of the State. |
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Additional costs
to the Department of Education and the University of Maine System to serve on
the board of trustees can be absorbed within existing budgeted resources. |
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