121st Maine Legislature
		Office of Fiscal and Program Review
		LD 163
		An Act to Provide Energy Opportunities to Northern Maine
		LR 1626(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		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		$315,000	$15,000	$15,000	$15,000
Appropriations/Allocations
	General Fund		$315,000	$15,000	$15,000	$15,000
Fiscal Detail and Notes
	This bill includes General Fund appropriations of $315,000 in fiscal year 2003-04 and $15,000 beginning in fiscal year 2004-05 for the Finance Authority of Maine for the operation of the Northern Maine Transmission Corporation and to conduct certain studies.  Increasing the Finance Authority of Maine's revenue obligation securities limit by $100,000,000 extends the moral obligation of the State.  Costs associated with reviewing certificates of public convenience and evaluating project feasibility can be absorbed by the Public Utilities Commission utilizing existing budgeted resources.