132nd MAINE LEGISLATURE
		LD 874		LR 1044(02)
	An Act to Provide Relief to Federal or State Employees Affected by a Federal Government or State Government Shutdown
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Health Coverage, Insurance and Financial Services
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$250,000	$0	$0	$0
Appropriations/Allocations
	Other Special Revenue Funds		$250,000	$0	$0	$0
Transfers
	General Fund		($250,000)	$0	$0	$0
	Other Special Revenue Funds		$250,000	$0	$0	$0
Fiscal Detail and Notes
	This bill provides a one-time transfer of $250,000 in fiscal year 2023-24 from the unappropriated surplus of the General Fund to the Government Shutdown Loan Guarantee Program Fund and it includes an allocation of $250,000 to the Office of Treasurer of State to allow expenditures from the fund. If this amount is not sufficient to cover the State's liability, additional funding will be required.
	Because this legislation includes a provision that allows funds from the Government Shutdown Loan Guarantee Program Fund to be used to reimburse the Finance Authority of Maine (FAME) for its costs to administer the loan program, FAME will not require a General Fund appropriation.  However, this provision will reduce the amount of funds available to guarantee the repayment of loans made by eligible financial institutions.