| 122nd MAINE LEGISLATURE | |||||||||
| LD 1159 | LR 1660(02) | ||||||||
| An Act To Promote Transportation Investments within Downtowns and Urban Compacts | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Transportation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Potential current biennium cost impact - Highway Fund | |||||||||
| Potential current biennium revenue savings - Highway Fund | |||||||||
| Potential current biennium revenue savings - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| The authorization of alternative means of financing certain highway construction projects through a funding partnership with municipalities will have an undetermined effect upon both Highway Fund and General Fund resources. The net fiscal impact on each fund will depend on the number of projects approved by the Commissioner of Transportation for the use of these alternative funding mechanisms and the cost of each approved project. It is likely that use of these alternative funding mechanisms will result in partnerships with interested municipalities in which municipal funding is used to leverage existing state funding for the completion of state highway construction projects. | |||||||||