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131st MAINE LEGISLATURE |
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LD 2225 |
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LR 3090(01) |
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An Act to Provide
Funding to Rebuild Infrastructure Affected by Extreme Inland and Coastal
Weather Events |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Spkr. Talbot Ross of Portland |
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Committee: Appropriations and Financial Affairs |
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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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$0 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$20,000,000 |
$30,000,000 |
$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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$50,000,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill includes
one-time Other Special Revenue Funds allocations of $20,000,000 in fiscal
year 2023-24 and $30,000,000 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 2023-24 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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