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132nd MAINE LEGISLATURE |
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LD 299 |
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LR 844(02) |
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An Act to Support
Investment in Agriculture |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Agriculture, Conservation and
Forestry |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$5,000,000 |
$5,000,000 |
$5,000,000 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$5,000,000 |
$5,000,000 |
$5,000,000 |
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| Revenue |
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General Fund |
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$0 |
($5,000,000) |
($5,000,000) |
($5,000,000) |
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Other Special Revenue Funds |
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$0 |
$5,000,000 |
$5,000,000 |
$5,000,000 |
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| Fiscal Detail
and Notes |
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The bill redirects
up to $5,000,000 of real estate transfer tax revenue from the General Fund to
the Department of Agriculture, Conservation and Forestry, Maine Agriculture,
Food and Forest Products Investment Fund, starting in fiscal year 2026-27.
The bill includes corresponding allocations to authorize expenditures for a
loan program for applicants who meet the eligibility criteria established in
the bill. |
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