131st MAINE LEGISLATURE
LD 2225 LR 3090(13)
An Act to Provide Funding to Rebuild Infrastructure Affected by Extreme Inland and Coastal Weather Events
Fiscal Note for House Amendment " " to Committee Amendment "A"
Sponsor: Rep. Faulkingham of Winter Harbor
Fiscal Note Required: Yes
             
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $50,000,000 $0 $0 $0
Appropriations/Allocations
Other Special Revenue Funds ($10,000,000) ($500) $0 $0
Transfers
General Fund ($50,000,000) $0 $0 $0
Other Special Revenue Funds $50,000,000 $0 $0 $0
Fiscal Detail and Notes
This amendment replaces the one-time transfers from the Maine Budget Stabilization Fund with a one-time transfer from the unobligated surplus of the General Fund resulting in a one-time cost to the General Fund of $50,000,000 in fiscal year 2023-24. The amendment retains the one-time Other Special Revenue Funds allocations of $50,000,000 in fiscal year 2023-24 and $500 in fiscal year 2024-25 to the Department of Transportation but removes the one-time Other Special Revenue Funds allocations of $10,000,000 in fiscal year 2023-24 and $500 in fiscal year 2024-25 to the Department of Economic and Community Development.