130th MAINE LEGISLATURE
		LD 1885		LR 2453(04)
	An Act To Increase Maine's Veterinary Workforce
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Breen of Cumberland
	Fiscal Note Required: Yes
Fiscal Note
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$0	($700,000)	($700,000)	($700,000)
Appropriations/Allocations
	General Fund		$0	($700,000)	($700,000)	($700,000)
Fiscal Detail and Notes
	This amendment decreases the cost of the bill by $700,000 per year beginning in fiscal year 2022-23 by reducing the funding for the number of loans to students eligible for the Maine Veterinary Medicine Loan Program in the bill from 8 to 3.
	As amended, the bill includes ongoing General Fund appropriations of $220,000 per year beginning in fiscal year 2022-23 to the Student Financial Assistance program within the Finance Authority of Maine to fund 3 additional loans at the higher maximum amount of $35,000 per year for 4 years. As amended, this bill still increases the number of loans that may be awarded each year from 2 to 8 and the number of aggregate loans that may be outstanding at any one time from 8 to 32. It also increases the maximum loan amount per year from $25,000 to $35,000.