LD 404 LR 1856(01)
An Act To Fund the School Revolving Renovation Fund
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Kornfield of Bangor
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund $25,000,000 $0 $0 $0
General Fund $25,000,000 $0 $0 $0
Fiscal Detail and Notes
This bill provides a one-time General Fund appropriation to the Maine Municipal Bond Bank of $25,000,000 in fiscal year 2019-20 to be deposited in the School Revolving Renovation Fund to be used to upgrade learning spaces in school buildings and for other necessary repairs approved by the Commissioner of Education.