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128th MAINE LEGISLATURE |
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LD 1643 |
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LR 2401(02) |
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An Act To Provide
Funding to the Loring Development Authority of Maine for Implementation
Grants |
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Fiscal Note for
Bill as Engrossed with:
No Amendments |
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Committee: Not Referred |
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| Fiscal Note |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$750,000 |
$750,000 |
$0 |
$0 |
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| Transfers |
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General Fund |
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$750,000 |
$750,000 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes one-time General Fund appropriations of $750,000 per year in fiscal
years 2017-18 and 2018-19 to the Business Development program within the
Department of Economic and Community Development for implementation grants to
the Loring Development Authority of Maine upon recommendation of the
Commissioner of Economic and Community Development and the approval of the
Governor. |
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This bill also
requires $750,000 per year in both fiscal year 2017-18 and fiscal year
2018-19 in the All Other line category in the Office of Innovation program,
Maine Technology Institute, General Fund account to lapse to the
unappropriated surplus of the General Fund no later than June 30, 2018 and
June 30, 2019, respectively. |
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