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127th MAINE LEGISLATURE |
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LD 1343 |
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LR 1573(02) |
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An Act To Increase
Access to Postsecondary Education for Maine National Guard Members |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Veterans and Legal Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Potential tuition revenue loss - Public post-secondary
educational institutions |
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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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$500,000 |
$500,000 |
$500,000 |
$500,000 |
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| Appropriations/Allocations |
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General Fund |
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$500,000 |
$500,000 |
$500,000 |
$500,000 |
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| Fiscal Detail
and Notes |
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The bill
establishes the Maine National Guard Postsecondary Fund within the Department
of Defense, Veterans and Emergency Management and provides General Fund
appropriations to the department of $500,000 beginning in fiscal year 2015-16
to provide tuition assistance to eligible members. |
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The requirement
that the University of Maine System, the Maine Community College System and
Maine Maritime Academy waive tuition costs that exceed the amount of tuition
benefit a member receives from the Maine National Guard Postsecondary Fund
may result in a loss of tuition revenue to the State's public postsecondary
educational institutions. The University of Maine System estimates it's loss
of revenue to be approximately $550,000 per year. No estimate is available
for the other institutions at this time. |
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