LD 1480 LR 2196(04)
An Act To Create and Sustain High-quality Maine Jobs
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Brakey of Androscoggin
Fiscal Note Required: Yes
Fiscal Note
Eliminates any state or public funding sources
Fiscal Detail and Notes
This amendment eliminates any state or public funding for the Maine Capital Investment Program within the Finance Authority of Maine and is now contingent upon receipt of at least $50,000,000 from only private sources. The program still establishes a nonlapsing revolving loan and equity fund to provide loans to certain eligible business projects.