| 124th MAINE LEGISLATURE | ||||||
| LD 1089 | LR 1571(02) | |||||
| An Act To Regulate Mixed Martial Arts Competitions, Exhibitions and Events | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Business, Research and Economic Development | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Potential current biennium revenue increase - General Fund | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Appropriations/Allocations | ||||||
| Other Special Revenue Funds | $500 | $500 | $500 | $500 | ||
| Correctional and Judicial Impact Statements | ||||||
| Reduceses Class E
crimes; decreases correctional and judicial costs. A reduction in fines will decrease General Fund revenue by minor amounts. |
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| Fiscal Detail and Notes | ||||||
| This bill establishes the Mixed Martial Arts Reserve Fund and includes base Other Special Revenue Funds allocations of $500 per year beginning in fiscal year 2009-10 to the Mixed Martial Arts Authority of Maine in the event that funds are received from competitions, exhibitions and events as well as the sale of goods and merchandise. | ||||||
| This legislation also requires the State Controller to transfer from the reserve fund to the General Fund any revenue received by the Authority in excess of operating expenses at the end of each fiscal year. The amount can not be determined at this time. | ||||||