LD 157 LR 535(01)
An Act To Modify Administration of the Fund Insurance Review Board
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Welsh of Rockport
Committee: Environment and Natural Resources
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
No net fiscal impact - Other Special Revenue Funds
Fiscal Detail and Notes
Currently the Department of Environmental Protection (DEP) reimburses the Finance Authority of Maine (FAME) for any expenses FAME incurs to provide assistance to the Fund Insurance Review Board. Removing FAME from this function will mean that the DEP will no longer reimburse FAME but will handle the administrative expenses directly. There should be no net fiscal impact to any of the entities involved.