121st Maine Legislature
		Office of Fiscal and Program Review
		LD 163
		An Act To Provide Energy Opportunities to Northern Maine
		LR 1626(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Kneeland
		Committee: Utilities and Energy
		Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Net Cost (Savings)
	General Fund		$292,330	$12,000	$12,000	$12,000
Appropriations/Allocations
	General Fund		$292,330	$12,000	$12,000	$12,000
Fiscal Detail and Notes
	Increasing the Finance Authority of Maine's revenue obligation securities limit by $100,000,000 extends the moral obligation of the State.  The Northern Maine Transmission Corporation Fund within the Finance Authority of Maine will require a one-time General Fund appropriation in fiscal year 2003-04 of $235,330 to return funds transferred by the Authority to the unappropriated surplus of the General Fund as authorized in Public Law 2001, chapter 714, Part M.  The Finance Authority of Maine will require an additional one-time General Fund appropriation in fiscal year 2003-04 of $45,000 to conduct an analysis of transmission facilities projects.  The Authority will also require on-going General Fund appropriations of $12,000 per year beginning in fiscal year 2003-04 to provide support for six meetings of the Northern Maine Transmission Corporation per year.