|
|
|
|
|
|
|
|
129th MAINE LEGISLATURE |
|
|
LD 509 |
|
LR 2193(02) |
|
|
|
An Act To
Increase the Minimum Grant Amount under the Maine State Grant Program |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Innovation, Development, Economic
Advancement and Business |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
$9,450,000 |
$9,450,000 |
$9,450,000 |
$9,450,000 |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
General Fund |
|
$9,450,000 |
$9,450,000 |
$9,450,000 |
$9,450,000 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
This bill
includes ongoing General Fund appropriations totaling $9,450,000 per year
beginning in fiscal year 2019-20 to the Student Financial Assistance Programs
within the Finance Authority of Maine.
Of that amount, $8,450,000 per year is provided to support the
increase in the minimum grant award under the Maine State Grant Program from
$1,000 to $2,500 and $1,000,000 per year is appropriated to support adult
learners in returning to school and completing their credentials. |
|
LD 1001, the
Governor's proposed 2020-2021 biennial budget, includes a General Fund
appropriation of $1,000,000 in fiscal year 2019-20 and ongoing appropriations
of $2,000,000 per year beginning in fiscal year 2020-21 to support adult
learners in returning to school and completing their credentials. |
|
|
|
|
|
|
|