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130th MAINE LEGISLATURE |
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LD 246 |
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LR 874(02) |
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An Act Regarding
the Tourism Marketing Promotion Fund |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Innovation, Development, Economic
Advancement and Business |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Transfers to Tourism Marketing Promotion Fund |
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| Fiscal Detail
and Notes |
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This bill requires
the State Controller to transfer all unobligated balances in the Department
of Economic and Community Development, Office of Tourism, Other Special
Revenue Funds (OSR) account to the Tourism Marketing Promotion Fund at the
end of fiscal year 2020-21. In
addition to the Tourism Marketing Promotion Fund, there are 2 other OSR rules
under the Office of Tourism. They are
the Publications Revolving Fund and the Tourism Cooperative Marketing Fund.
Under this bill, any unobligated balances in these 2 funds would be
transferred to the Tourism Marketing Promotion Fund at the end of fiscal year
2020-21. As of March 4, 2021, the unobligated
balance in the Publications Revolving Fund was $25,025 and the unobligated
balance in the Tourism Cooperative Marketing Fund was $52,403. The unobligated balance in the Tourism
Marketing Promotion Fund was approximately $4.8 million. |
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