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130th MAINE LEGISLATURE |
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LD 1898 |
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LR 2313(02) |
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An Act To Address
the Economic Impact of Federal Closures on Maine's Fixed Gear Fishing
Industry |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Marine Resources |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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$30,000,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$29,999,500 |
$500 |
$0 |
$0 |
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| Transfers |
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General Fund |
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($30,000,000) |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$30,000,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
establishes the Atlantic Large Whale Take Reduction Plan Impact Fund within
the Department of Marine Resources (DMR) to mitigate negative financial
impacts experienced by individuals and businesses involved in the State's
fixed-gear fishing industry. The bill
transfers $30,000,000 in fiscal year 2021-22 from the unappropriated surplus
of the General Fund to the fund. The
bill includes accompanying allocations of $29,999,500 in fiscal year 2021-22
and $500 in fiscal year 2022-23 to allow disbursement of the funds to
individuals and businesses who meet the eligibility criteria. |
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