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131st MAINE LEGISLATURE |
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LD 1797 |
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LR 1930(01) |
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An Act to Expand
Maine's Health Care Workforce by Expanding Educational Opportunities and
Providing Tax Credits |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Pres. Jackson of Aroostook |
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Committee: Innovation, Development, Economic
Advancement and Business |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Original not completed - See committee amendment |
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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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$11,253,092 |
$11,274,966 |
$11,277,942 |
$11,281,027 |
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| Appropriations/Allocations |
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General Fund |
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$11,253,092 |
$11,274,966 |
$11,277,942 |
$11,281,027 |
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| Fiscal Detail
and Notes |
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This bill
includes ongoing General Fund appropriations totaling $6,000,000 per year
beginning in fiscal year 2023-24 to the Finance Authority of Maine. Of that amount, $1,000,000 per year is
provided for the Doctor's for Maine's Future Scholarship Fund; $4,000,000 per
year is provided for the Maine Health Care Provider Loan Repayment Program
Fund and $1,000,000 per year is provided for the Nursing Eduction Loan
Repayment Program. |
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The State Board
of Nursing, affiliated with the Department of Professional and Financial
Regulation, has indicated that it will require ongoing General Fund
appropriations of $68,092 in fiscal year 2023-24 and $89,966 in fiscal year
2024-25 for one Office Specialist I position and related All Other costs to
support the anticipated increase in workload in order to certify eligibility
for and monitor compliance with the nurse retention tax credit. The board has indicated that it does not
have sufficient budgeted resources to perform these duties without General
Fund approriations. |
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