125th MAINE LEGISLATURE
LD 247 LR 909(02)
An Act To Amend the Gift Card Laws
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Judiciary
Fiscal Note Required: Yes
             
Fiscal Note
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $0 $0 $75,000 $75,000
Revenue
General Fund $0 $0 ($75,000) ($75,000)
Fiscal Detail and Notes
Providing that gift obligation and stored value cards sold on or after December 31, 2011 are only presumed abandoned if the issuer sells at least $250,000 in face value of gift obligations and stored value cards during the previous calendar year will reduce General Fund revenue by an estimated $75,000 starting in fiscal year 2013-14.