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131st MAINE LEGISLATURE |
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LD 1115 |
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LR 2298(01) |
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An Act Regarding
Economic Development Funds for Federally Recognized Indian Tribes |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Collings of Portland |
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Committee: Innovation, Development, Economic
Advancement and Business |
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Fiscal Note Required: No |
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| Preliminary
Fiscal Impact Statement |
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| No net change to total distribution - Community Development
Revolving Loan Fund |
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| Fiscal Detail
and Notes |
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Requiring that 10%
of the available funds in the Community Development Revolving Loan Fund be
grants to federally recognized Indian tribes in the State may change the
purposes for which the fund is allocated but will not change the total amount
of funds distributed. |
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Additional costs
to the Department of Economic and Community Development to develop a plan for
ensuring Indian tribes have equitable access to the New Markets Tax Credit
Program can be absorbed within existing budgeted resources. |
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