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131st MAINE LEGISLATURE |
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LD 2214 |
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LR 3108(09) |
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An Act to Make
Supplemental Appropriations and Allocations for the Expenditures of State
Government, General Fund and Other Funds and to Change Certain Provisions of
the Law Necessary to the Proper Operations of State Government for the Fiscal
Years Ending June 30, 2024 and June 30, 2025 |
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Fiscal Note for
House Amendment " " to Committee Amendment "A" |
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Sponsor: Rep. Terry of Gorham |
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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 |
$0 |
$0 |
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Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$60,000,000 |
$0 |
$0 |
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Transfers |
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General Fund |
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$0 |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$60,000,000 |
$0 |
$0 |
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Fiscal Detail
and Notes |
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This amendment
provides a one-time Other Special Revenue Funds allocation of $50,000,000 in
fiscal year 2024-25 to the Department of Transportation for municipal, state
or regionally significant infrastructure adaptation, repair and improvements
that support public safety, protection of essential community assets,
regional economic needs and long-term infrastructure resiliency. The bill
also includes a one-time transfer of $50,000,000 in fiscal year 2024-25 from
the Maine Budget Stabilization Fund to an Other Special Revenue Funds account
in the Department of Transportation to fund these infrastructure adaptations. |
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This amendment
also provides a one-time Other Special Revenue Funds allocation of
$10,000,000 in fiscal year 2024-25 to a newly established Business Recovery
and Resilience Program within the Department of Economic and Community
Development to provide grant opportunities for businesses and organizations,
including non-profit organizations, affected by severe weather-related
events. A one-time transfer of $10,000,000 in fiscal year 2024-25 from the
Maine Budget Stabilization Fund to the Business Recovery and Resilience
Program, Other Special Revenue Funds account is provided to fund the grant
opportunities. |
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