LD 1480 LR 2196(02)
An Act To Create and Sustain High-quality Maine Jobs
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
Fiscal Note
Maine Capital Investment Program authorized
Fiscal Detail and Notes
Contingent upon receipt of at least $50,000,000 in appropriations, allocations or other funding sources, this bill authorizes the Maine Capital Investment Program within the Finance Authority of Maine and establishes a nonlapsing revolving loan and equity fund to provide loans or bond funding to certain eligible business projects.  The Finance Authority of Maine has indicated that it will be able to implement and administer the program within the provisions established in this legislation.