132nd MAINE LEGISLATURE
LD 1643 LR 2061(04)
An Act to Establish the Maine Life Science Innovation Center
Fiscal Note for Senate Amendment " " to Original Bill
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 ($2,000,000) ($2,000,000) $0 $0
Appropriations/Allocations
General Fund ($2,000,000) ($2,000,000) $0 $0
Other Special Revenue Funds $0 $0 $0 $0
Fiscal Detail and Notes
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. 
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.