| 122nd MAINE LEGISLATURE | |||||||||
| LD 1494 | LR 1971(02) | ||||||||
| An Act To Increase Faculty in Maine Nursing Education Programs | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Education and Cultural Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $50,000 | $50,000 | $50,000 | $50,000 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $50,000 | $50,000 | $50,000 | $50,000 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill includes ongoing General Fund appropriations of $50,000 per year beginning in fiscal year 2005-06 to establish the nursing education loan repayment program to be administered by the Finance Authority of Maine. The Authority estimates the cost to administer the program to be approximately $23,700 in fiscal year 2005-06 and $4,000 per year beginning in fiscal year 2006-07. Because this legislation provides for the Authority to utilize a portion of the funds appropriated in this bill for its administrative costs, no additional General Fund appropriations are required. | |||||||||