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129th MAINE LEGISLATURE |
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LD 404 |
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LR 1856(01) |
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An Act To Fund
the School Revolving Renovation Fund |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Kornfield of Bangor |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$25,000,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$25,000,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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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. |
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