121st Maine Legislature
		Office of Fiscal and Program Review
		LD 969
		An Act To Ensure Equity in Mortgage Volume Fees
		LR 1647(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Business, Research and Economic Development
		Fiscal Note Required: Yes
Fiscal Note
Current Costs - Legislative Study - Other Special Revenue Funds
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Appropriations/Allocations
	Other Special Revenue Funds		$3,210	$0	$0	$0
Fiscal Detail and Notes
	This bill creates a 14 member study committee and will require an allocation of Other Special Revenue funds of $3,210 in fiscal year 2003-04 to authorize operating expenditures from dedicated funds that will be transferred from the Office of Consumer Credit Regulation in the Department of Professional and Financial Regulation.  This legislation specifies that all costs of the committee are funded utilizing unobligated Other Special Revenue funds and it is recommended that specific transfer language be included in the bill requiring the department to transfer funds at the beginning of the fiscal year to the Legislature for the costs of the study.  Any additional costs to the Department of Professional and Financial Regulation in implementing this bill can be absorbed by the department utilizing existing budgeted resources.