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130th MAINE LEGISLATURE |
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LD 292 |
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LR 427(01) |
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An Act To
Increase the Minimum Grant Amount under the Maine State Grant Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Pierce of Falmouth |
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Committee: Innovation, Development, Economic
Advancement and Business |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$10,000,000 |
$10,000,000 |
$10,000,000 |
$10,000,000 |
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| Appropriations/Allocations |
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General Fund |
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$10,000,000 |
$10,000,000 |
$10,000,000 |
$10,000,000 |
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| Fiscal Detail
and Notes |
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This bill
includes ongoing General Fund appropriations of $10,000,000 per year
beginning in fiscal year 2021-22 to the Student Financial Assistance Programs
within the Finance Authority of Maine to increase the minimum grant award for
the Maine State Grant Program from $1,000 to $2,500. |
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