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128th MAINE LEGISLATURE |
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LD 389 |
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LR 1175(01) |
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An Act To Promote
Access to Financial Institutions by Entities That Are Authorized under State
Law |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Hamper of Oxford |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$146,149 |
$150,044 |
$157,869 |
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| Revenue |
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Other Special Revenue Funds |
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$0 |
$22,000 |
$22,000 |
$22,000 |
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| Fiscal Detail
and Notes |
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The Department of
Professional and Financial Regulation will require an ongoing Other Special
Revenue Funds allocation of $146,149 beginning in fiscal year 2018-19 to hire
and outfit one additional Senior Bank Examiner and one part-time Consumer
Outreach Specialist to manage the increased workload required from changes in
this bill.
The bill will also generate $22,000 in Other Special Revenue Funds revenue
to the Department of Professional and Financial Regulation. $21,000 of this
is from examination fees for an anticipated increase in examiners and $1,000
is from an estimated increase in assessment revenue from institutions based
on assets. |
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