LD 700 LR 1454(02)
An Act To Promote Economic Development and Outdoor Recreation through Investment in State Parks
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Agriculture, Conservation and Forestry
Fiscal Note Required: Yes
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $986,595 $986,595 $986,595 $986,595
Other Special Revenue Funds $986,595 $986,595 $986,595 $986,595
General Fund ($986,595) ($986,595) ($986,595) ($986,595)
Other Special Revenue Funds $986,595 $986,595 $986,595 $986,595
Fiscal Detail and Notes
This bill requires General Fund revenue in excess of $4,500,000 from user fees from state parks, historic sites, the Allagash Wilderness Waterway and other payments for certain services to be credited to a nonlapsing Other Special Revenue Funds account in the Parks-General Operations program within the Department of Agriculture, Conservation and Forestry (ACF) to be used for capital improvements at state parks and historic sites.  Based on current projected General Fund revenues, the $4,500,000 cap will reduce General Fund revenue by $986,595 and increase Other Special Revenue Funds revenue by the same amount starting in fiscal year 2021-22.  The bill includes ongoing allocations to ACF of $986,595 starting in fiscal year 2021-22 to allow for expenditure of the funds.