127th MAINE LEGISLATURE
LD 1606 LR 2716(03)
An Act To Provide Funding to the Maine Budget Stabilization Fund
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $55,500,000 $0 $0 $0
Transfers
General Fund ($55,500,000) $0 $0 $0
Fiscal Detail and Notes
This bill transfers $55,500,000 in fiscal year 2015-16 from the unappropriated surplus of the General Fund to the Maine Budget Stabilization Fund and makes changes to the year-end distribution from the unappropriated surplus of the General Fund (the so-called cascade) for fiscal year 2015-16.