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131st MAINE LEGISLATURE |
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LD 2113 |
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LR 2948(01) |
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An Act to Provide
Relief to Federal Employees Affected by a Federal Shutdown |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Pres. Jackson of Aroostook |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$250,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$250,000 |
$0 |
$0 |
$0 |
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| Transfers |
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General Fund |
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($250,000) |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$250,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill provides
a one-time transfer of $250,000 in fiscal year 2023-24 from the
unappropriated surplus of the General Fund to the Federal Shutdown Loan
Guarantee Program Fund and it includes an allocation of $250,000 to the
Office of Treasurer of State to allow expenditures from the fund. If this
amount is not sufficient to cover the State's liability, additional funding
will be required. |
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Additional costs
to the Finance Authority of Maine to establish and administer the Federal
Shutdown Loan Guarantee Program can be absorbed within existing budgeted
resources. |
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