131st MAINE LEGISLATURE
		LD 2092		LR 2800(05)
	An Act Regarding Public Higher Education Funding in the State
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Rotundo of Androscoggin
	Fiscal Note Required: Yes
Fiscal Note
Removes legislative study
			FY 2023-24	FY 2024-25	Projections  FY 2025-26	Projections  FY 2026-27
Net Cost (Savings)
	General Fund		$0	($1,618,835)	($4,464,735)	($7,410,635)
Appropriations/Allocations
	General Fund		$0	($1,618,835)	($4,464,735)	($7,410,635)
Fiscal Detail and Notes
	This amendment eliminates the requirement in the bill that provides that the percentage of Maine Maritime Academy's (MMA) total state appropriation as a share of its total operating costs increase by 5% per year until the percentage of the MMA's total state appropriation as a share of its total operating costs equals at least the lesser of the percentage of the University of Maine System's (UMS) and the Maine Community College System's (MCCS) total state appropriation compared to each system's total operating costs and reduces the ongoing General Fund appropriations to all but $1,000,000 per year beginning in fiscal year 2024-25.  The amendment also removes the language that establishes the Commission to Study the Fund of Institutions of Higher Education.