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131st MAINE LEGISLATURE |
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LD 1670 |
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LR 651(05) |
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An Act to
Strengthen Maine's Agriculture, Food and Forest Economy by Funding the Maine
Agriculture, Food and Forest Products Investment Fund and Amending Related
Provisions of Law |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-145)
S "A" (S-487) to C "A" (H-145) |
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Committee: Agriculture, Conservation and
Forestry |
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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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$0 |
$500,000 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$500,000 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill provides
a one-time General Fund appropriation of $500,000 in fiscal year 2024-25 to
the Maine Agriculture, Food and Forest Products Investment Fund within the
Department of Agriculture, Conservation and Forestry (ACF) to facilitate
strategic investments in the State's agricultural, food and forest products
processing and manufacturing industries. Additional costs to the Department
of Economic and Community Development to collaborate with the advisory board
can be absorbed within existing budgeted resources. |
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