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131st MAINE LEGISLATURE |
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LD 2191 |
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LR 3012(01) |
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An Act to Provide
Relief to Small Businesses Affected by Severe Weather-related Events |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Hickman of Kennebec |
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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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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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$50,000,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$50,000,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes a one-time General Fund appropriation of $50,000,000 in fiscal year
2023-24 to a newly established Small Business Weather Emergency Relief
Program within the Department of Economic and Community Development for
payments to small businesses for relief from severe weather-related
events. The department has indicated
it will require an additional one-time General Fund appropriation not in the
bill of $27,000 in fiscal year 2023-24 for technology and programming costs
to support the administration of the program. |
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