LD 860 LR 331(02)
An Act To Establish the Maine Community College System No-cost Tuition Program
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Fiscal Note
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund $0 $3,600,000 $3,600,000 $3,600,000
General Fund $0 $3,600,000 $3,600,000 $3,600,000
Fiscal Detail and Notes
This bill includes ongoing General Fund appropriations of $3,600,000 per year beginning in fiscal year 2020-21 to the Maine Community College System (MCCS) to establish the Maine Community College System Pell Grant Match Program and Fund to provide grant awards to eligible students to match the amount of funds provided by the Federal Pell Grant that the student receives for the academic year in which the student applies.  The estimate provided by MCCS assumes 7,200 Pell Grant recipients are eligible to receive a matching grant of $500 each year.