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132nd MAINE LEGISLATURE |
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LD 1292 |
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LR 1915(02) |
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An Act to Codify
the Maine Turnpike Authority's Contributions to the Highway Fund with Regard
to the Sensible Transportation Policy Act |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Legislative Cost/Study |
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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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Highway Fund |
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$750,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Highway Fund |
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$750,000 |
$0 |
$0 |
$0 |
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| Legislative
Cost/Study |
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The general
operating expenses of this study are projected to be $1,400 in fiscal year
2025-26. The Legislature’s proposed budget for the 2026-2027 biennium
includes $22,196 in each of fiscal years 2025-26 and 2026-27 for the costs of
legislative studies, as well as $8,265 in projected balances from fiscal year
2024-25 and $33,073 of balances carried over from prior years for this
purpose. Whether these amounts are sufficient to fund all studies will depend
on the number of studies authorized by the Legislative Council and the
Legislature. |
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| Fiscal Detail
and Notes |
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The Department of
Transportation will require a one-time Highway Fund allocation of $750,000 in
fiscal year 2025-26 for an investment grade review of Maine Turnpike
Authority's bonding and consulting fees to perform the review. |
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