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132nd MAINE LEGISLATURE |
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LD 1674 |
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LR 1810(01) |
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An Act to Require
Insurers to Address Climate Risk in Their Business Activities |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Warren of Scarborough |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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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$698,816 |
$968,642 |
$1,017,048 |
$1,071,705 |
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| Fiscal Detail
and Notes |
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The Bureau of
Insurance within the Department of Professional and Financial Regulation will
require Other Special Revenue Funds allocations of $698,816 in fiscal year
2025-26 and $968,642 in fiscal year 2026-27 to establish positions and
contract consultation services to implement and oversee the Insuring Our
Communities Act effective October 1, 2025. |
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