| 125th MAINE LEGISLATURE | ||||||
| LD 401 | LR 1331(01) | |||||
| An Act To Enhance Penalties To Protect Senior Investors | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Katz of Kennebec | ||||||
| Committee: Insurance and Financial Services | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
| Net Cost (Savings) | ||||||
| General Fund | ($20,000) | ($20,000) | ($20,000) | ($20,000) | ||
| Revenue | ||||||
| General Fund | $20,000 | $20,000 | $20,000 | $20,000 | ||
| Correctional and Judicial Impact Statements | ||||||
| The collection of additional fines may also increase General Fund revenue by minor amounts. | ||||||
| Fiscal Detail and Notes | ||||||
| Assumes an increase in General Fund fine revenue of $20,000 per year as a result of enhancing the penalties for violations of the Maine Uniform Security Act that affect citizens 65 years of age or older. | ||||||