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132nd MAINE LEGISLATURE |
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LD 1643 |
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LR 2061(04) |
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An Act to
Establish the Maine Life Science Innovation Center |
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Fiscal Note for
Senate Amendment " " to Original Bill |
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Sponsor: Sen. Rotundo of Androscoggin |
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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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($2,000,000) |
($2,000,000) |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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($2,000,000) |
($2,000,000) |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This amendment
eliminates the one-time General Fund appropriations of $2.0 million in fiscal
year 2025-26 and fiscal year 2026-27 to a newly created Maine Life Science
Innovation Fund included in the bill to support the initial start-up costs
for the Maine Life Science Innovation Center. |
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As amended, the
bill keeps the ongoing Other Special Revenue Funds base allocations of $500
per year beginning in fiscal year 2025-26 to authorize expenditures in the
event funds are received from gifts, grants or other public or private
sources to support the center. |
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