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132nd MAINE LEGISLATURE |
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LD 1 |
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LR 939(02) |
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An Act to
Increase Storm Preparedness for Maine's Communities, Homes and Infrastructure |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2024-25 |
FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Federal Expenditures Fund |
$0 |
$500 |
$500 |
$0 |
$0 |
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Other Special Revenue Funds |
$0 |
$26,960,687 |
$9,701,166 |
$1,963,922 |
$1,975,204 |
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| Revenue |
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Other Special Revenue Funds |
$0 |
$0 |
$0 |
$0 |
$0 |
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| Transfers |
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Other Special Revenue Funds |
$0 |
$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes transfers totaling $36,660,353 in fiscal year 2024-25 from the
Department of Professional and Financial Regulation, Bureau of Insurance,
Other Special Revenue Funds balances to fund the following initiatives: |
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1) a one-time transfer of $15,000,000 to
establish the Home Resiliency Program within the Bureau of Insurance to
provide grants to homeowners for the purpose of performing home resiliency
projects ($15,000,000). Corresponding one-time Other Special Revenue Funds
allocations of $7,500,000 in fiscal year 2025-26 and $7,500,000 in fiscal
year 2026-27 are included in the bill. |
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2) total one-time
transfers of $12,027,313 to establish one limited-period Contract/Grant
Specialist position through June 18, 2027 to function as the State's first
Safeguarding Tomorrow Revolving Loan Fund administrator (Other Special
Revenues Funds allocations of $103,880 in fiscal year 2025-26 and $111,266 in
fiscal year 2026-27); to establish one limited-period Communications System
Manager position through June 18, 2027 to serve as the State's integrated
public alert and warning coordinator (Other Special Revenue Funds allocations
of $126,297 in fiscal year 2025-26 and $135,870 in fiscal year 2026-27); to establish a 2-year initiative to update
the Maine Emergency Management Agency's communications technology and warning
systems statewide to improve communications before, during and after
emergency and disaster events (Other Special Revenues Funds allocations of
$800,000 in fiscal year 2025-26 and $500 in fiscal year 2026-27); to provide one-time funding for the
Disaster Recovery Fund to meet state funding requirements for emergency
declarations (Other Special Revenues Funds allocations of $10,000,000 in
fiscal year 2025-26 and $500 in fiscal year 2026-27); and to provide for the
state match for a federal grant from the federal Safeguarding Tomorrow
Revolving Loan Fund (Other Special Revenues Funds allocations of $500 in both
fiscal year 2025-26 and fiscal year 2026-27). |
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3) total one-time transfers of $9,633,040 to
establish the State Resilience Office within the Maine Office of Community
Affairs to create an online community risk reduction data hub, update flood
maps, reduce community flood risk and increase participation in the National
Flood Insurance Program through a regional certified floodplain manager
program. A corresponding Other Special Revenue Funds allocation of $7,680,510
for fiscal year 2025-26 and $1,952,530 is included in the bill. This includes allocation for two Public
Service Coordinator II positions in the State Resilience Office beginning in
fiscal year 2025-26. |
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This bill also
requires an ongoing annual transfer of $1,755,000 from the available balances
of the Department of Professional and Financial Regulation, Bureau of
Insurance's Other Special Revenue Funds account to the State Resilience Fund
beginning in fiscal year 2027-28. |
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