127th MAINE LEGISLATURE
		LD 1304		LR 1443(02)
	An Act To Permit Funds for Prearranged Funerals To Be Invested under a Wider Range of Options
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Insurance and Financial Services
	Fiscal Note Required: Yes
Fiscal Note
Legislative Cost/Study
Legislative Cost/Study
	The general operating expenses of this study are projected to be $3,250 in fiscal year 2015-16. The Legislature's proposed budget includes $10,000 in fiscal year 2015-16 for legislative studies.  Whether that amount is sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature.  If more than 4 meetings are held during the interim the estimated cost for each additional meeting is projected to be $750 per meeting for legislative per diem and expenses. The additional costs of providing staffing assistance to the study during the interim can be absorbed utilizing existing budgeted staff resources.