LD 1978 LR 2617(01)
An Act To Promote Home Ownership by Reducing Education Debt
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Senator Curry of Waldo
Committee: Innovation, Development, Economic Advancement and Business
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $0 $10,000,000 $0 $0
General Fund $0 $10,000,000 $0 $0
Fiscal Detail and Notes
This bill includes a one-time General Fund appropriation of $10,000,000 in fiscal year 2022-23 to the Housing Authority - State program within the Maine State Housing Authority for mortgages and student debt forgiveness for eligible first-time home buyers with existing student loan debt.