130th MAINE LEGISLATURE
LD 857 LR 1810(03)
An Act To Create a Municipal Grant Program To Promote Sustainable Economic Development
Fiscal Note for Bill as Engrossed with:
C "A" (H-350)
Committee: Innovation, Development, Economic Advancement and Business
             
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Appropriations/Allocations
Federal Expenditures Fund $500 $500 $500 $500
Other Special Revenue Funds $500 $500 $500 $500
Fiscal Detail and Notes
This bill includes Other Special Revenue Funds and Federal Expenditures Fund base allocations of $500 per year beginning in fiscal year 2021-22 to a newly established Municipal Grant Fund within the Department of Economic and Community Development, Office of Community Development, to authorize expenditures in the event that funds are received from private or federal sources to provide funding to municipalities for projects that further the goals of sustainable economic development.