| 123rd MAINE LEGISLATURE | ||||||
| LD 1030 | LR 1337(01) | |||||
| An Act To Encourage Cogeneration | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Sen. Bartlett of Cumberland | ||||||
| Committee: Utilities and Energy | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Undetermined current biennium cost increase - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| This bill establishes the Cogeneration Revolving Loan Fund as a nonlapsing, interest-earning revolving fund administered by the Finance Authority of Maine. The Fund is authorized to receive money appropriated or allocated by the state, interest earned on fund balances, and loan repayments including interest, penalties and other fees and charges related to loans from the fund. However, the bill provides no funding source to capitalize the fund or to provide on-going support for the program. In addition, the Finance Authority of Maine will require ongoing General Fund appropriations beginning in fiscal year 2007-08 to establish and administer the fund. The amount can not be determined at this time. | ||||||