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132nd MAINE LEGISLATURE |
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LD 1653 |
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LR 1346(02) |
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An Act to Develop
Maine's Credentialed Workforce |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Establishes unfunded student loan repayment program - Finance
Authority of Maine |
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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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$500 |
$500 |
$500 |
$500 |
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| Fiscal Detail
and Notes |
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This bill
establishes the Maine Credentialed Workforce Program within the Finance
Authority of Maine (FAME) to support the credentialing needs of certain
eligible current and future participants in the State's workforce through
student loan repayments. This bill
includes Other Special Revenue Funds base allocations of $500 per year
beginning in fiscal year 2025-26 to FAME to authorize the expenditure of
funds in the event that monies are received from public and private
sources. |
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