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131st MAINE LEGISLATURE |
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LD 1552 |
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LR 171(04) |
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An Act to Create
the Lobster Innovation Fund |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Rotundo of Androscoggin |
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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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($2,000,000) |
$50,000 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$50,000 |
$0 |
$0 |
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Other Special Revenue Funds |
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($1,999,500) |
$0 |
$0 |
$0 |
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| Transfers |
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General Fund |
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$2,000,000 |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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($2,000,000) |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This amendment
removes the one-time transfer and related allocation of $2,000,000 in fiscal
year 2023-24 from the unappropriated surplus of the General Fund to the newly
established Lobster Innovation Fund within the Department of Marine Resources
and provides a one-time General Fund appropriation of $50,000 in fiscal year
2024-25 to the fund for stipends to holders of Class I, Class II, or Class
III Lobster fishing licenses to participate in the testing of new lobster
fishing technologies. The amendment also provides a base Other Special
Revenue Funds allocation of $500 per year in the event that outside funds are
received for this purpose. |
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