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130th MAINE LEGISLATURE |
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LD 1697 |
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LR 2071(03) |
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An Act To
Establish a Homeowner Assistance Fund Program and Provide for the
Distribution of Funds |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-103) |
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Committee: Appropriations and Financial Affairs |
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| Fiscal Note |
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FY 2020-21 |
FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Appropriations/Allocations |
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Federal Expenditures Fund -
ARP |
$500 |
$50,000,000 |
$500 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill includes
one-time Federal Expenditures Fund - ARP allocations of $500 in fiscal year
2020-21, $50,000,000 in fiscal year 2021-22 and $500 in fiscal year 2022-23
to a newly created Homeowner Assistance Fund within the Department of
Professional and Financial Regulation to allow for the distribution of funds
to prevent mortgage delinquencies and defaults, foreclosures, loss of
utilities or home energy services and displacements of homeowners
experiencing financial hardships. |
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