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132nd MAINE LEGISLATURE |
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LD 880 |
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LR 2198(01) |
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An Act Regarding
Nondiscrimination in Financial Services |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Quint of Hodgdon |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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Minor cost increase - General Fund
Minor revenue increase - General Fund |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$100,035 |
$141,002 |
$148,868 |
$157,206 |
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| Correctional
and Judicial Impact Statements |
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This bill may
increase the number of civil suits filed in the court system. The additional
workload associated with the minimal number of new cases does not require
additional funding at this time. The collection of additional fines and
filing fees will increase General Fund or other dedicated revenue by minor
amounts. |
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| Fiscal Detail
and Notes |
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The Bureau of
Financial Institutions within the Department of Professional and Financial
Regulation will require Other Special Revenue Funds allocations of $100,035
in fiscal year 2025-26 and $141,002 in fiscal year 2026-27 to establish one
Principal Bank Examiner position to manage compliance, compliant processing
and review of disclosures related to this bill effective October 1, 2025. |
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