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122nd MAINE LEGISLATURE |
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LD 2049 |
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LR 3189(02) |
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An Act
to Amend the Laws Regarding Aquaculture Leases |
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Fiscal Note for Bill as Amended by Committee
Amendment " " |
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Committee: Marine Resources |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Future biennium revenue increase - General Fund |
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| Future biennium revenue increase - Other Special Revenue Funds |
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Projections |
Projections |
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2005-06 |
2006-07 |
2007-08 |
2008-09 |
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| Net Cost
(Savings) |
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General Fund |
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$0 |
($2,000) |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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Highway Fund |
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Federal Expenditures Fund |
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Fund for a Healthy Maine |
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Other Special Revenue Funds |
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Federal Block Grant Funds |
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Other Funds |
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| Revenue |
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General Fund |
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$0 |
$2,000 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$3,000 |
$0 |
$0 |
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Federal Block Grant Funds |
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Other Funds |
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| Transfers |
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General Fund |
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Highway Fund |
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Federal Expenditures Fund |
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Fund for a Healthy Maine |
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Other Special Revenue Funds |
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Federal Block Grant Funds |
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Other Funds |
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| Correctional and Judicial Impact Statements |
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| Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
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4.1% |
$0 |
$0 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-06 |
General |
Referendum |
Standard |
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Jun-06 |
Special |
Initiated Bill |
Lengthy |
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The Secretary of
State's budget includes sufficient funds to accommodate one ballot of average
length for the general election in November. If the number or size of the
referendum questions increases the ballot length, an additional appropriation
of $8,000 or more may be required. A
special election would require an additional appropriation of $121,392. |
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| Fiscal Detail
and Notes |
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Certain
changes in the laws governing aquaculture leases will result in a one-time
increase in application fee revenue collected by the Department of Marine
Resources. The department estimates
that $2,000 in additional General Fund revenue and $3,000 in Other Special
Revenue Funds revenue will be collected in fiscal year 2006-07. In addition, it is likely that the department will collect additional
revenue for both fund sources in the 2008-2009 biennium from lease fees
emanating from any of the applications that may be approved. The amounts will depend on the number of
approved leases and the amount of leased acreage and can not be determined at
this time. |
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