130th MAINE LEGISLATURE
LD 1700 LR 2072(01)
An Act To Provide Allocations for the Administration of State Fiscal Recovery Funds
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Pierce of Falmouth
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2020-21 FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Appropriations/Allocations
Federal Expenditures Fund - ARP State Fiscal Recovery $1,800,000 $2,800,000 $0 $0 $0
Fiscal Detail and Notes
This bill includes one-time Federal Expenditures Fund - ARP State Fiscal Recovery allocations of $800,000 per year in both fiscal year 2020-21 and fiscal year 2021-22 to a newly created American Rescue Plan Economic, Workforce and Innovation program within the Department of Economic and Community Development for preliminary program, metrics and assessment tool development for economic development, innovation and workforce programs.
Additionally, this bill includes one-time Federal Expenditures Fund - ARP State Fiscal Recovery allocations of $1,000,000 in fiscal year 2020-21 and $2,000,000 in fiscal year 2021-22 to a newly created American Rescue Plan Audit, Controller and Program Management program within the Department of Administrative and Financial Services. The funds will be used to support all aspects of financial management and oversight of funds from the federal State Fiscal Recovery Fund established in the federal American Rescue Plan Act of 2021.