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131st MAINE LEGISLATURE |
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LD 1107 |
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LR 1084(02) |
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Resolve, to
Establish a Pilot Project to Improve Access to Credit for Low-income
Individuals |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$250,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$250,000 |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$500 |
$500 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill includes
a one-time General Fund appropriation of $250,000 in fiscal year 2023-24 to
the Rent Payment Reporting Pilot Project within the Maine State Housing
Authority (MSHA) for contracting services and subscription fees necessary to
implement and administer a 2-year pilot project to collect and report tenant
rent payment histories to appropriate credit reporting agencies with the
purpose of improving the credit ratings of low-income residential
tenants. This bill also includes Other
Special Revenue Funds base allocations of $500 in fiscal year 2023-24 and
$500 in fiscal year 2024-25 to the pilot project program to authorize the
expenditure of funds in the event money is received from grants and other private
contributions to support the 2-year pilot project. |
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