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131st MAINE LEGISLATURE |
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LD 1929 |
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LR 1086(04) |
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An Act to Protect
Consumers by Licensing Home Building Contractors |
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Fiscal Note for
House Amendment " " to Committee Amendment "A" |
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Sponsor: Rep. Roberts of South Berwick |
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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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$0 |
$0 |
$15,000 |
$6,350 |
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| Revenue |
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Other Special Revenue Funds |
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$0 |
$0 |
($15,000) |
($6,350) |
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| Transfers |
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General Fund |
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$0 |
$0 |
($15,000) |
($6,350) |
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Other Special Revenue Funds |
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$0 |
$0 |
$15,000 |
$6,350 |
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| Fiscal Detail and
Notes |
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Increasing the
contract price from $10,000 to $15,000 that a residential general contractor
may not exceed in performing residential construction without a license
issued by the Residential Construction Board and exempting contractors
providing services to the Efficiency Maine Trust or the Maine State Housing
Authority will reduce the amount of revenue received by the board from
initial licensing and renewal fees due to fewer licenses being issued and
renewed. This fiscal note assumes that
the provisions in this amendment will reduce the number of contractors that
will be required to be licensed from 600 to 540, or 10%. It also assumes the same reduction for
renewals and new licenses in future years.
The reduction in dedicated revenue is estimated to be approximately
$15,000 in fiscal year 2025-26 and $6,350 per year beginning in fiscal year
2026-27. The reduction in revenue will
increase the amount of General Fund monies that will need to be transferred
to support the work of the board. |
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