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132nd MAINE LEGISLATURE |
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LD 1733 |
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LR 618(01) |
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An Act to Provide
Reduced Interest Rates for Logging and Fishing Operations |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Sen. Bennett of Oxford |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Unfunded loan 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 Improvements to Logging and Fishing Enterprises Loan Program
within the Finance Authority of Maine for the purpose of financing loans to
logging and fishing enterprises in the State.
No funding for the loan program is provided in the bill. The Finance Authority of Maine will require
Other Special Revenue Funds base allocations of $500 per year beginning in
fiscal year 2025-26 to a newly created Improvements to Logging and Fishing
Enterprises Loan Fund to authorize the expenditure of funds in the event
monies are received for the program. |
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