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131st MAINE LEGISLATURE |
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LD 1797 |
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LR 1930(02) |
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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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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Innovation, Development, Economic
Advancement and Business |
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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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$6,500,000 |
$6,500,000 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$6,500,000 |
$6,500,000 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes one-time General Fund appropriations totaling $4,000,000 per year in
fiscal years 2023-24 and 2024-25 only 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, $2,000,000 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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This bill also
includes General Fund appropriations to the Department of Health and Human
Services of $2,500,000 per year in fiscal years 2023-24 and 2024-25 for the
Maine Medical Education Training and Residency Fund. |
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