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127th MAINE LEGISLATURE |
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LD 1318 |
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LR 1830(02) |
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An Act To Promote
Individual Private Savings Accounts through a Public-private Partnership |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$183,900 |
$552,185 |
$405,483 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$183,900 |
$552,185 |
$405,483 |
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| Fiscal Detail
and Notes |
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The bill includes
a General Fund appropriation of $183,900 to the Office of Treasurer of State
in fiscal year 2016-17 for one Public Service Coordinator I position,
consulting fees and start-up costs to design and implement the Maine Small
Business Retirement Marketplace. Treasury has indicated substantial
additional costs will be incurred in fiscal years 2017-18 and 2018-19 for web
development and administration of the program. |
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