LD 1894 LR 2868(08)
An Act To Correct Errors and Inconsistencies in the Laws of Maine
Fiscal Note for House Amendment " " to Committee Amendment "A"
Sponsor: Rep. Timberlake of Turner
Fiscal Note Required: Yes
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $0 $0 $0 $0
Other Special Revenue Funds $0 ($1,665,805) $0 $0
General Fund $0 $0 $0 $0
Other Special Revenue Funds $0 $0 $0 $0
Fiscal Detail and Notes
This amendment will transfer $3,000,000 from the Maine Clean Election Fund (MCEF) within the Commission on Governmental Ethics and Election Practices to the unappropriated surplus of the General Fund within 10 days of the effective date of this bill. (This fiscal note assumes that will occur early in fiscal year 2018-19.) It is anticipated that this will leave a cash balance of approximately $1,300,000 in the MCEF. This amendment also reverses this transaction later in fiscal year 2018-19 by restoring, on or before January 1, 2019, the transfer of $3,000,000 from the General Fund back to the MCEF, in accordance with the Maine Revised Statutes, Title 21-A, section 1124, subsection 2, paragraph B. The amendment also reduces the Other Special Revenue Funds allocation in the bill in fiscal year 2018-19 from $3,976,470 to $2,310,665, a reduction of $1,665,805. This one-time allocation had been included in the bill to correct an error in PL 2017, Chapter 284, Part ZZZZZZ, Section 19 that resulted in a negative allocation in fiscal year 2018-19 of $1,010,665. The net allocation after this amendment will be $1,300,000, which will allow expenditure of the anticipated cash balance after the first transfer described above. As amended, this bill does not provide allocation to allow expenditure of the $3,000,000 to be transferred back to the MCEF on or before January 1, 2019. That allocation will need to be provided either by additional legislative action or by financial order.