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132nd MAINE LEGISLATURE |
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LD 1733 |
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LR 618(02) |
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An Act to Provide
Reduced Interest Rates for Logging and Fishing Operations |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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. This bill includes 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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