131st MAINE LEGISLATURE
LD 1662 LR 308(02)
Resolve, to Study the Adoption of the Uniform Common Interest Ownership Act
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Judiciary
Fiscal Note Required: Yes
             
Fiscal Note
Legislative Cost/Study
Legislative Cost/Study
The general operating expenses of this study are projected to be $3,750 in fiscal year 2023-24. The Legislature’s proposed budget for the 2024-2025 biennium includes $14,500 in each of fiscal years 2023-24 and 2024-25 for the costs of legislative studies, as well as $2,234 in projected balances from fiscal year 2022-23 and $36,777 of balances carried over from prior years for this purpose. Whether these amounts are sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature. The additional costs of providing staffing assistance to the study during the interim can be absorbed utilizing existing budgeted staff resources.