121st Maine Legislature
Office of Fiscal and Program Review
LD 1433
An Act to Establish Municpal Cost Components for Unorganized Territory Services To Be Rendered in Fiscal Year 2003-04
LR 2029(02)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
No Net Fiscal Impact - General Fund
Fiscal Detail and Notes
The amounts in the bill for the state costs included in the municpal cost components are based on budgeted expenditures for fiscal year 2003-04.  The costs established in this bill are incorporated into the tax assessment for the unorganized territory, which is collected as dedicated revenue to the Unorganized Territory Education and Services Fund.  Transfers are then made to the other dedicated accounts for certain expenditures related to the Unorganized Territory and to the General Fund to reimburse for actual General Fund expenditures included in the municipal cost components.  This bill will not affect budgeted General Fund revenue or appropriations.