131st MAINE LEGISLATURE
LD 962 LR 1943(02)
An Act to Lower the Amount of Seized Currency in a Criminal Asset Forfeiture over Which the Currency May Be Transferred to the Federal Government
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Judiciary
Fiscal Note Required: Yes
             
Fiscal Note
Potential current biennium revenue increase - Other Special Revenue Funds
Potential current biennium revenue increase - Municipalities and Counties
Fiscal Detail and Notes
Removing the requirement that seized currency exceed $100,000 before it can be transferred by state prosecutors to a federal agency and replacing it with a requirement that seized currency can be transferred to a federal agency in conjunction with a federal criminal case could result in increased revenues to state, county and municipal law enforcement agencies by providinge a mechanism for assets to be forfeited in a federal criminal case and distributed back to these entities.