131st MAINE LEGISLATURE
		LD 2268		LR 3083(02)
	An Act to Implement the Recommendations of the Commission Regarding Foreign-trained Physicians Living in Maine to Establish a Sponsorship Program for International Medical Graduates
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Health Coverage, Insurance and Financial Services
	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		$0	$2,500,000	$2,500,000	$2,500,000
Appropriations/Allocations
	General Fund		$0	$2,500,000	$2,500,000	$2,500,000
Fiscal Detail and Notes
	This bill includes ongoing General Fund appropriations of $2,500,000 per year beginning in fiscal year 2024-25 to a newly established International Medical Graduates Sponsorship Program within the Finance Authority of Maine to provide funding for 10 slots per year at one or more sponsoring institutions for the employment and training of an internationally trained physician issued a temporary educational license to practice medicine in the State.  This fiscal note assumes 10 slots are funded each year at a cost of $250,000 per slot per year.  The Finance Authority of Maine has indicated that it will be able to administer the program within the provisions included in the bill.
	Additional costs to the Board of Licensure in Medicine, affiliated with the Department of Professional and Financial Regulation, to implement the requirements of this legislation can be absorbed within existing budgeted resources.