132nd MAINE LEGISLATURE
		LD 1500		LR 1523(05)
	An Act to Establish the Maine Community Development Financial Institution Fund to Support Small Businesses, Rural Economic Development and Affordable Housing
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Rotundo of Androscoggin
	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		($700,000)	($200,000)	($200,000)	($200,000)
Appropriations/Allocations
	Other Special Revenue Funds		($499,500)	$500	$500	$500
Revenue
	General Fund		$200,000	$200,000	$200,000	$200,000
Transfers
	General Fund		$500,000	$0	$0	$0
	Other Special Revenue Funds		($500,000)	$0	$0	$0
Fiscal Detail and Notes
	The table amendment removes the one-time transfer of $500,000 in fiscal year 2025-26 from the unappropriated surplus of the General Fund to the Maine Community Development Financial Institution Fund within the Department of Economic and Community Development.  It also removes the $200,000 annual loss of revenue to the General Fund.  Finally, it removes the one-time Other Special Revenue Funds allocation and creates an ongoing Other Special Revenue Funds allocation to the new Fund of $500 beginning in fiscal year 2025-26.